WEX Inc. (WEX), a financial technology services provider, Thursday announced that its board has authorized a repurchase of up to an additional $400 million of shares, expanding the existing repurchase program to $1.05 billion till December 31, 2025.
The company stated that it had initially authorized a repurchase program of up to $650 million of shares in 2022, out of which WEX had repurchased around $478 million of shares.
Currently, WEX's stock is trading at $218.23, up 1.14 percent on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.