GE Vernova Raises Share-Repurchase Authorization to $20 Billion
The board increased GE Vernova’s share-repurchase authorization to $20 billion from $10 billion.
Story updates
10:39:20 AM UTC
SquawkNews
Board approved an increase in the buyback program to $20 bln, with $10.1 bln remaining under the aut
10:41:00 AM UTC
SquawkNews
GE Vernova doubled its share repurchase authorization to $20 billion from $10 billion following strong third-quarter 2026 results. The board's decision reflects confidence in the company's cash position, which reached $16.8 billion at quarter-end, up $4 billion sequentially. CFO Ken Parks said the…