กรุงเทพฯ--17 มิ.ย.--Asian Banker
Riverwoods, Illinois, June 16th 2011 - Discover Financial Services today announced that its Board of Directors has approved a share repurchase program, authorizing the company to purchase up to $1 billion of its common stock. The program expires on June 14, 2013, and may be terminated at any time.
"The share repurchase program reflects our commitment to be efficient managers of our shareholders' capital over the long term," said David Nelms, chairman and chief executive officer of Discover. "Our intention is to manage our capital to maintain a strong capital level and return on equity while investing in growth opportunities and returning excess capital to our shareholders."
The company expects to make share repurchases from time to time based on market conditions and other factors, subject to legal or regulatory restrictions.
--www.theasianbanker.com (June 16, 2011)--