and an Azerbaijan Gov't Airbus Military class
heading west.
those Efroni's were out yesterday/last night
Credit Suisse announces $1 billion 2020 share buyback program
ZURICH (Reuters) - Credit Suisse (CSGN.S) said on Friday it expects to buy back at least 1 billion Swiss francs ($1.03 billion) worth of shares until the end of 2020, subject to market and economic conditions, after completing a similar program last year.
In 2019, Credit Suisse repurchased nearly 80 million shares on a second trading line on SIX Swiss Exchange for a total of just over 1 billion francs at an average purchase price per share of 12.53 francs.
https://www.reuters.com/article/us-credit-suisse-gp-buyback/credit-suisse-announces-1-billion-2020-share-buyback-program-idUSKBN1Z20CY
all the big banks are and have been doing it.
They do it to increase the EPS on the books. Less shares out=moar EPS applied to the qtrly filing.
https://investorplace.com/2019/09/bank-of-america-stock-benefits-from-share-buyback-program/
JP Morgan bought $20b starting in 2017
it's a long list of who does it.
and then there is the stress test bullshit. They get passed by the FRB because they can put whatever they want in the "hold to maturity" bucket and the FRB doesn't look at it. Get a green light from muh FED and then they raise dividend and continue on with this shit.
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you will never beat this. you already lost.
yep. been that way for a long time. post count high so I'm off. had to stick it to our "guests" for a bit.
o7