Axos Financial (AX) has released an update.
Axos Financial, Inc.’s Board of Directors has greenlit a new $100 million stock buyback program, which adds to their existing plan with $20 million still to utilize. This move allows the company to repurchase shares at opportune moments, factoring in market conditions and capital usage, without a strict timeline, thereby showcasing a proactive approach to managing its capital structure and potentially bolstering shareholder value.
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