Swiss banking giant UBS to launch share buyback of up to $2 billion [MSNBC.com]
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)
US:NASDAQ Investor Relations:
credit-suisse.com/articles/media-releases/2017/04/en/usoi-launch-pr.html
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Source: MSNBC.com
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024.Jakub Porzycki | Nurphoto | Getty ImagesUBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year."As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares, commencing after the completion of the merger of UBS AG and Credit Suisse AG which is expected to occur by the end of the second quarter," the bank said in a statement."Our ambition is for share repurchases to exceed our pre-acquisition level by 2026."The new program follows the completion of the 2022 buyback, during which 298.5 million of it shares were purchased. This represented 8.62% of its stock worth $5.2 billion, according to UBS.The bank's 2022 share repurchase program concluded last month.watch nowVIDEO4:2704:27UBS discusses outlook for U.S. rates and stock marketCapital ConnectionBuybacks take place when firms purchase their o
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- UBS Group (UBS) Announces a New Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
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- UBS launches new $2bn share buyback [Yahoo! Finance]Yahoo! Finance
USOI
Sec Filings
- 4/23/24 - Form 6-K
- 4/19/24 - Form 424B2
- 4/5/24 - Form 6-K
- USOI's page on the SEC website