Company news: Citigroup (C) announced an increase of buyback program of $ 1.75 billion

Market news

21 November 2016

Company news: Citigroup (C) announced an increase of buyback program of $ 1.75 billion

Thus, the total amount of buybacks, taking into account those which the company announced earlier this year (including an increase in the quarterly dividend on Citi common stock to $ 0.16 / share and total share buyback program of up to $ 8.6 billion.) will total $ 10.4 bln to $ 12.2 billion.

Citi shares rose to a high of $ 55.90 (+ 0.79%).

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