CVB Financial Corp. Announces Authorization of 10 Million Share Repurchase Plan
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CVB Financial Corp. has announced a 10 million share repurchase plan, which was authorized by its Board of Directors. This move is part of the company's strategy to buy back its common stock through various means, including open market purchases and private transactions.
November 21, 2024 | 8:00 pm
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CVB Financial Corp. has authorized a 10 million share repurchase plan, which could positively impact its stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The authorization of a share repurchase plan typically signals management's confidence in the company's future prospects and can lead to a higher stock price by reducing the number of shares outstanding, thus increasing earnings per share. This is a significant move for CVB Financial Corp., likely to be viewed positively by investors.
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