UBS logo is seen at the office building in Krakow, Poland on February 22, 2024.
UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year.
The new program follows the completion of the 2022 buyback, during which 298.5 million of it shares were purchased.
This represented 8.62% of its stock worth $5.2 billion, according to UBS.
The bank's 2022 share repurchase program concluded last month.
Organizations:
UBS, UBS AG, Credit Suisse AG
Locations:
Krakow, Poland