Today's Most Important Buybacks
Investing.com
Published Nov 03, 2022 06:13PM ET
Updated Nov 03, 2022 06:45PM ET
Today's Most Important Buybacks
By Davit Kirakosyan
ING (NYSE:ING) announced today the start of a share buyback program under which it plans to repurchase ordinary shares of ING Groep (AS:INGA) N.V., for a maximum total amount of €1.5 billion. The buyback program will have an expected pro-forma impact of roughly 44 bps on the company’s CET1 ratio, which stood at 14.7% at the end of Q3, well above the prevailing CET1 ratio requirement of 10.52%.
Monster Beverage (NASDAQ:MNST) announced today that its Board of Directors has authorized a new share repurchase program of up to an additional $500.0 million of its outstanding common stock.
California Resources Corporation (NYSE:CRC) announced that its Board of Directors has increased its share repurchase program by $200 million to $850 million and extended the program through December 31, 2023.
ConocoPhillips (NYSE:COP) announced that its Board of Directors approved a $20 billion increase in the existing share repurchase program to $45 billion, consistent with the company’s plan for future share repurchases. Since program inception in late 2016, the company has repurchased $20.7 billion in shares.
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