Three major banks approve at least $30 billion in share buybacks
BAC Bank Of America Corp
$50.68 +0.26%
View chart & analysis → - 1The total scale of approved share buybacks for JPMorgan, Bank of America, and Citigroup is at least $30 billion.
- 2JPMorgan's common stock buyback amount during the third quarter is approximately $1 billion.
- 3Citigroup started a multi-year $30 billion common stock buyback program in the second quarter of 2026.
So what's the key point?
JPMorgan, Bank of America, and Citigroup have decided to buy back their own shares. They plan to purchase shares worth $30 billion to return profits to investors.
Source The Motley Fool +1 · View original ↗
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