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"UBS Announces $2 Billion Share Buyback Plan"

1 min read
Source: Reuters
"UBS Announces $2 Billion Share Buyback Plan"
Photo: Reuters
TL;DR

UBS has announced a new share buyback program of up to $2 billion, with half expected to be completed in 2024, following a $1 billion buyback announced in February. The bank aims to exceed its pre-acquisition level of share repurchases by 2026, with the potential buyback amounting to around 1.85% of UBS's share capital. This move is seen as a strategic step in preparation for the anticipated buyback of $1 billion, likely to begin in the third quarter, and is expected to positively impact the stock market.

Topics:businessfinance#finance#financial-strategy#share-buyback#stock-market#swiss-bank#ubs
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  1. UBS launches new $2 billion share buyback  Reuters
  2. Swiss banking giant UBS to launch share buyback of up to $2 billion  CNBC
  3. UBS Pledges $2 Billion of Share Buybacks Over Next Two Years  Bloomberg
  4. Swiss bank UBS Group to repurchase up to $2bn in shares in 2024  Yahoo! Voices
  5. UBS Promises More for Shareholders With $2 Billion Buyback Pledge  The Wall Street Journal

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