All articles tagged with #buyback program
Originally Published 5 months ago — by Yahoo Finance
Bank of America has authorized a new $40 billion stock repurchase program starting August 1, replacing the previous authorization with $9.1 billion remaining, supported by its strong capital position as noted by the Federal Reserve.
Originally Published 1 year ago — by Yahoo Finance
Alibaba reported third quarter earnings that beat analyst estimates but fell short on revenue, leading to a stock drop of about 4.5%. The company announced a $25 billion increase in its buyback program, but concerns about slowing growth amid the overall slowdown of the Chinese economy contributed to the stock decline. The company's core domestic e-commerce business and cloud business also faced challenges, with the average order value decreasing.
Originally Published 1 year ago — by Treasury
The U.S. Department of the Treasury is offering $121 billion of Treasury securities to refund approximately $105.1 billion of privately-held Treasury notes maturing on February 15, 2024, with plans to gradually increase coupon auction sizes and conduct small-value buyback operations in April as part of its debt management strategy. The issuance includes a 3-year note, a 10-year note, and a 30-year bond, with auctions scheduled for February 6th, 7th, and 8th, respectively. Additionally, Treasury intends to maintain bill auction sizes at current levels into late March and evaluate the potential change of the regular 6-week CMB to benchmark status.
Originally Published 2 years ago — by Forbes
The Education Department has introduced a new option for student loan forgiveness called the "buyback" program, which allows borrowers in specific circumstances to count certain deferment and forbearance periods towards Public Service Loan Forgiveness (PSLF). While other temporary flexibilities are currently available, this new program will provide an additional pathway to student loan forgiveness for PSLF borrowers. The buyback program allows borrowers to pay the equivalent of what they would have paid under a qualifying repayment plan for PSLF during non-qualifying periods. However, there are specific rules and restrictions, and borrowers must have at least 120 months of qualifying employment to apply for a buyback. The process for requesting a buyback involves using the Education Department's PSLF Reconsideration portal and waiting for a response.
Originally Published 2 years ago — by Investor's Business Daily
Cigna has reportedly ended its merger talks with Humana and instead announced a $10 billion increase in its buyback program. The companies were unable to agree on a deal price or terms. Cigna plans to repurchase at least $5 billion worth of shares by June 2024 and reaffirmed its earnings per share targets for 2023 and 2024. Cigna's stock initially tumbled following the news of the failed merger talks but jumped 13% on Monday, surpassing its 200-day line.
Originally Published 2 years ago — by Treasury
The U.S. Department of the Treasury plans to offer $112 billion of Treasury securities to refund maturing notes and raise new cash from private investors. The securities include a 3-year note, a 10-year note, and a 30-year bond, which will be auctioned on specific dates in November. The Treasury intends to gradually increase coupon auction sizes in the upcoming quarter and continue evaluating adjustments based on borrowing needs. They also plan to increase auction sizes for 2-year, 5-year, 7-year, 10-year, and 30-year securities. Additionally, the Treasury plans to maintain TIPS auction sizes and implement modest reductions to short-dated bill auction sizes. They are actively evaluating the implementation of a regular buyback program in 2024.
Originally Published 2 years ago — by Yahoo Finance
AB InBev, the parent company of Bud Light, announced a $1 billion buyback program, causing its shares to rise by 5%. The buyback will be executed over the next 12 months. However, the company's Q3 earnings results were mixed, with US volume growth dragging down performance. US revenue dropped 13.5% due to a decline in Bud Light sales. AB InBev also saw softness in Europe but growth in other regions. The company's stock is down over 5% year-to-date.
Originally Published 2 years ago — by Yahoo Finance
AB InBev, the parent company of Bud Light, reported mixed Q3 results with a decline in US volume growth and a drop in revenue. However, the company announced a $1 billion buyback program, which boosted its stock by 5%. AB InBev also plans to deleverage by purchasing up to $3 billion worth of bonds. The company is investing in marketing, including a partnership with the UFC, and remains committed to the Bud franchise despite recent challenges.
Originally Published 2 years ago — by Treasury
The U.S. Department of the Treasury plans to offer $103 billion of Treasury securities to refund maturing notes and bonds, raising approximately $19 billion in new cash. Auctions for a 3-year note, 10-year note, and 30-year bond will take place in August, settling on August 15. The Treasury intends to gradually increase coupon auction sizes over the next quarter to align with borrowing needs. They also plan to increase auction sizes for 2-year, 5-year, 7-year, 10-year, and 30-year securities. Additionally, the Treasury plans to increase TIPS auction sizes and implement a regular buyback program in 2024. A small-value test auction will be conducted to test contingency auction infrastructure.
Originally Published 2 years ago — by The Wall Street Journal
The U.S. Treasury plans to launch a buyback program for government securities next year to ease liquidity in the $24tn market. The program will start small and won't significantly change the overall portfolio of U.S. government securities on the market. The move comes after bouts of liquidity problems in recent years as big banks and asset managers retreat from the market.