TITLE

Another Buyback Program at U.S. Bancorp

AUTHOR(S)
Cole, Jim
PUB. DATE
August 2006
SOURCE
American Banker;8/4/2006, Vol. 171 Issue 149, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that U.S. Bancorp will buy back approximately $4.8 billion of its stock. The company's Board of Directors authorized a program to repurchase up to 150 million shares. U.S. Bancorp said the new repurchase plan is part of its strategy to return 80% of earnings to shareholders. The shares are at their highest point since before 2001.
ACCESSION #
21840024

 

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