Deutsche Bank (DB) to Reward Investors With Share Buyback Plan
DBDeutsche Bank AG(DB) Zacks Investment Research·2024-03-04 22:51

Deutsche Bank AG (DB) announced that the recently approved share buyback program, by the European Central Bank, will start on Mar 4, 2024. This program authorizes the company to repurchase shares up to €675 million. The program is to be completed by Jul 23, 2024. The buyback authorization is 50% higher than the bank’s €450 million program completed in 2023. Under the said plan, DB repurchased 45.5 million shares at a weighted average price of €9.88 per share between Aug 2 and Dec 8 of 2023. Apart from succe ...