Citi Won't Request Stock Buyback

Fri, 06/08/2012 - 18:26 EDT - WSJ

PAID

In a sign of the shock waves due to weakening global growth and large trading losses at a rival, Citigroup said it won't seek regulatory permission to repurchase shares this year.

Original article
Login or register to post comments

Metro plans to repurchase up to one million shares
MONTREAL — Metro Inc. says it intends to buy back and cancel up to one million of its common shares in private agreements, at prices to be negotiated with the unidentified seller. At recent market prices, the buyback could cost the company more than $60 million. Metro shares closed Tuesday at about $66 but Metro says it expects to pay a discounted price.
The Buyback Kings, Part 1: Buy Companies That Buy Themselves
ByBrian Grosso:This is the first installment in a series of articles that will provide detailed analyses of companies that are serious about buying back stock and delivering value to shareholders. In this series, I will explain why I prefer buybacks to dividends and why buybacks are so effective for companies that also pay dividends.This first article will lay the groundwork: explaining what a buyback is and why it is such a great way to deliver value to shareholders.
AAPL Beats Revenues And EPS As Margins Decline, Guides Lower, Boosts Buyback And Dividend
Apple is out with Q2 results which are hardly inspiring. Revenue and sales beat, but margins missed and guidance is weak:
Buyback ETF In Focus As Companies Repurchase More Stock
By Tom Lydon: As Corporate America sits on stockpiles of cash, companies can either re-invest into their business, pay out dividends or buy back shares. With exchange traded funds, investors can gain exposure to firms that are focused on share buybacks.
Buyback Kings: 'The Unsung Heroes'
By Stephen Rosenman:I love dividends. Those companies that have boosted their dividend year after year are especially highly prized - some are titled "dividend aristocrats" or "dividend champions" or "dividend contenders".They're great and they deserve accolades.
Dell Could Repurchase 25% Of Its Shares In The Next 12 Months And Barely Dent Its Cash Hoard
By Devon Shire: Back in March of this year I questioned why Dell (DELL) was not using its huge cash hoard and ample cash flow to buy back shares.
Apollo's Share Buyback Should Put a Floor on Share Price
By Wall Street Titan: In response to the decline of Apollo Commercial Real Estate Finance (ARI) shares, well below net asset value of $16.66, the company last week made the necessary move implementing a share repurchase program of up to $35,0000,000. The program is designed to provide the company with the ability to buy back its shares, in the open market, over a period of one year.
RIM Doubles Down on Its Shares
Dr. Duru submits: As Research In Motion’s stock (RIMM) plunged the last repurchase program underwater, I speculated that RIMM would initiate another share repurchase program if the stock continued to go lower.
MasterCard Share Buyback Boosts Confidence
By Zacks Investment Research: Recently, MasterCard (MA) announced that its Board of Directors has authorized the repurchase of its Class A common stock worth approximately $1.5 billion.
3 Small Caps With Big Buyback Plans
StreetAuthority submits: By David Sterman Many investors tend to ignore stock buyback announcements. Seemingly massive share repurchase programs become a lot less impressive when you realize they are mostly attempting to offset generous stock option grants for insiders by reducing growth in the share count. Adding insult, some buyback programs are put in place even as a stock is surging to multi-year highs.

Main menu

Secondary menu

Citi Won't Request Stock Buyback

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu