U.S. Bancorp Announces New Buyback Plan, Gives Medium-Term Outlook
TBBKThe Bancorp(TBBK) ZACKS·2024-09-14 02:06

At a recent investor day, U.S. Bancorp (USB) rewards its shareholders with a new share repurchase plan of up to $5 billion of the company's outstanding common stock starting on Sept. 13, 2024. The company plans to begin repurchasing shares by early 2025.The prior program, which was approved in December 2020, has been replaced by this new share repurchase plan. The firm will utilize the share repurchase program at its discretion as it continues to evaluate the economic climate, develop capital and comply wit ...