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It could have repurchased shares, or it could have bought options to sell stocks.
So far, only 11 small banks have repurchased their stock warrants.
The $73.3 billion spent as of Oct. 29 have repurchased stock at an average price of $20.49 a share.
That effort, which would have repurchased all the company's stock, was terminated because of bond market turmoil and increased interest rates.
So far the big banks have repurchased more than $35 billion of the securities and paid more than $360 million in fines.
Already the four big commercial banks — JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — have taken losses of $9.8 billion on loans they have repurchased or expect to be forced to repurchase.
Similar(48)
The company has repurchased 7.8 million shares since last December.
Since 1996, the company has repurchased $9 billion of stock.
Wal-Mart has repurchased $300 million of stock under the first plan, leaving $2.7 billion available for repurchases.
The company, based in Miami, said it had repurchased about 32.9 million shares since January 1998.
So far in January, it has repurchased an additional 1.2 million shares for $101 million.
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CEO of Professional Science Editing for Scientists @ prosciediting.com