ING repurchases 1.46 million shares in ongoing buyback program

ING Repurchases 1.46 Million Shares in Ongoing Buyback Program

ING, a multinational banking and financial services company, has announced that it has repurchased 1.46 million shares in its ongoing buyback program. This move is part of the company's efforts to return value to its shareholders.

According to a statement released by ING, the repurchased shares will be cancelled, reducing the total number of outstanding shares. This will help to increase the company's earnings per share and improve its financial performance.

The buyback program is part of ING's strategy to return value to its shareholders and to improve its financial performance. The company has been actively buying back its shares in the market, and this latest repurchase is a continuation of that effort.

Impact on Shareholders

The repurchase of 1.46 million shares is expected to have a positive impact on ING's shareholders. The reduction in the number of outstanding shares will lead to an increase in earnings per share, which can boost the company's stock price.

Ongoing Buyback Program

ING's ongoing buyback program is a key part of its strategy to return value to its shareholders. The company has been actively buying back its shares in the market, and this latest repurchase is a continuation of that effort.

Conclusion

ING's repurchase of 1.46 million shares in its ongoing buyback program is a positive development for the company and its shareholders. The reduction in the number of outstanding shares will lead to an increase in earnings per share, which can boost the company's stock price.

Sources

[1] ING repurchases 1.46 million shares in ongoing buyback program