Zions Bancorporation, N.A. (NASDAQ:ZION) Board of Directors Initiates Stock Buyback Program
Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) declared that its board has approved a share repurchase plan on Saturday, May 2nd, RTT News reports. The company plans to repurchase $225.00 million in outstanding shares. This repurchase authorization allows the bank to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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