Invesco Ltd. (IVZ) shares climbed 8.99 percent to $13.59 during Tuesday's trading after announcing a $1 billion repurchase of its Series A Preferred Stock from MassMutual.
The stock traded between $13.27 and $13.86 with volume nearing 4.7 million shares, compared to its average of 5.8 million on the New York Stock Exchange.
The transaction, expected to close in May 2025 and funded through debt, will reduce Invesco's outstanding preferred stock by 25 percent and is expected to be earnings accretive starting in the second half of the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.