Fifth Third (FITB) Bancorp announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2019 under which 11.8 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and may be suspended at any time.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FITB:
- Edison, Apple, Oklo, Heron, Fifth Third: Trending by Analysts
- Fifth Third Bancorp to Present at Financials Conference
- Fifth Third says current expectations ‘unchanged’ from April 17 earnings call
- Fifth Third price target raised to $52 from $48 at Wells Fargo
- Fifth Third upgraded to Buy from Neutral at DA Davidson
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue