common stock
Ameriprise Financial authorizes additional $2 billion share buybackPosted by RJ and Makay on Jun 20, 2011 |
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Ameriprise Financial announced last week that its board of directors has authorized an additional buyback of up to $2 billion worth of its common stock through June 28, 2013. Through the first quarter of 2011, the company had repurchased $969 million of common stock under its current $1.5 billion authorization, and the remaining capacity will continue to be available through the firm’s 2012 annual shareholders’ meeting.
