CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Garanti Bankasi jumps after launching share buyback programme

By Reuters News

** Shares in Garanti Bankasi GARAN.IS rise almost 4% after the lender announced a share buyback programme covering up to 85 million shares and an allocated fund of up to 11 billion lira ($219.94 million)

** Brokerage Deniz Yatirim notes the buyback is a positive step that could support the stock in difficult market conditions despite its relatively low free float among private-sector banks it covers

** It adds that the launch of the bank's first-ever buyback programme signals management believes the current market valuation does not adequately reflect the bank's performance

** The planned cancellation of repurchased shares could also boost EPS, Deniz Yatirim says

($1 = 50.0136 liras)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.