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Axos Financial, Inc. Announces $100 Million Increase to Stock Repurchase Program

1. Axos Financial increases stock repurchase program by $100 million. 2. Previous $48 million remains, showing strong capital management.

Shares Buyback
+1.88%Current Return
VS
+0.69%S&P 500
$72.2305/12 04:16 PM EDTEvent Start
$73.5905/13 10:44 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase programs typically signal confidence in a company's financial health. Similar instances have historically led to stock price increases, reflecting positive sentiment.

How important is it?

The announcement indicates strong management decisions and enhances shareholder value, which can attract investors.

Why Short Term?

Immediate impact expected as buybacks create demand for shares, potentially increasing stock value shortly. Historical buybacks usually affect price in the near term.

Related Companies

AXBACJPMWFC
LAS VEGAS--(BUSINESS WIRE)--Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”) today announced that its Board of Directors authorized an increase of $100 million to the Company's existing common stock repurchase program announced on April 27, 2023. Approximately $48 million remains from the previous increase announced on February 12, 2024. The Company may repurchase shares on the open market or through privately negotiated transactions at times and prices considered appropriate by the Co.

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