Thursday, Citigroup Inc. (C) announced that its Board of Directors has authorized a new, multi-year $30 billion common stock repurchase program.
The program is expected to begin in the second quarter 2026.
Last year, the company's Board authorized a $20 billion common stock repurchase program. The company has decided not to make any further purchases under the 2025 program.
In the pre-market hours, C is trading at $126.01, down 1.23 percent on the New York Stock Exchange.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.