Commerzbank’s Buyback

Commerzbank Lifts Guidance as UniCredit Circles

Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.

Business - The Wall Street Journal - 3 days ago

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

Top stories - The New York Times - November 1

IAG to Begin $378 Million Buyback

The British Airways owner will start buying back the shares from next week.

Business - The Wall Street Journal - Yesterday

UniCredit and Commerzbank square off with target hikes amid takeover battle

UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.

Business - CNBC - 3 days ago

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

World - Financial Times - October 22

Embattled Abbott Labs comes through with a strong quarter, buyback announcement

Abbott Labs delivered for investors who stuck with the stock despite legal woes that emerged earlier this year.

Business - CNBC - October 16

Chinese share buybacks hit record high as Beijing steps up support

Policymakers push companies to return cash to shareholders as they try to revive flagging stock market

Business - Financial Times - October 21

Deutsche Bank warns of rising bad loan provisions

German lender posts record third-quarter profits but tells investors to brace again for credit risks

Business - Financial Times - October 23

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.

Business - The Wall Street Journal - October 25

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

Business - Financial Times - October 29

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

Business - MarketWatch - October 29

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - October 29

Qualcomm’s rosy forecast sends stock surging, and more buybacks may be on deck

Qualcomm is upping its buyback program by $15 billion after repurchasing more than $4 billion in stock last fiscal year.

Business - MarketWatch - 2 days ago

Ahold Delhaize Net Profit Misses Market Views, Issues Buyback

The Dutch grocer outlined a share buyback program, despite reporting a worse-than-expected fall in third-quarter net profit.

Business - The Wall Street Journal - 3 days ago

British Airways owner announces stock buyback as profit grows 17%

British Airways owner International Airlines Group announced a stock buyback after reporting rising profits and margins.

Business - MarketWatch - Yesterday

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

Business - CNBC - October 16

Ulta Beauty unveils $3 billion share buyback program and plans to open 200 new stores in next three years

Ulta Beauty Inc. announced a new $3 billion share buyback authorization on Wednesday and said it plans to open 200 new stores over the next three years.

Business - MarketWatch - October 16

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.