Pennymac Financial Services (PFSI) Approves $50M Buyback Plan
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/15/2026
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- Fed’s Warsh says central bank won’t tolerate high inflation
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
- AstraZeneca stock dips as HSBC downgrades stock on 'tough path ahead'
- IBM misses Q2 targets as mainframe and software sales disappoint
- Verizon planning new round of layoffs this week - Barron’s
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- Lucid Group shares quickly cut in half on report of potential bankruptcy
- HSBC Downgrades IBM (IBM) to Reduce, 'Stretched Valuation'
PennyMac Financial Services, Inc. Announces $50 Million Stock Repurchase Program
June 21, 2017 4:30 PM EDTWESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) (the Company) today announced that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase up to $50 million of its outstanding Class A common stock.
We believe that the repurchase of common stock will enhance value for our stockholders, said Executive Chairman Stanford L. Kurland. PennyMac has repeatedly generated after-tax returns on equity that compare favorably, on a risk-adjusted basis, to other investment opportunities available to us. Our strong capital position enables us to deploy capital... More
