Cutting costs is good for the fundamentals of the business providing the bank cuts fat and not muscle.
A buyback's impact on the value of the business depends on the price at which the buyback is conducted compared to intrinsic value.
Providing these are done in the right circumstances both may increase the value of the business and this may or may not translate to an improvement in stock price but likely will over the long term.
The point being is that share price isn't the primary reason a company should do either of these things. Increasing shareholder value is.
News: NAB National Australia Bank Says 4,000 People Will Leave Bank Over Next Two Years, page-3
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Last
$36.94 |
Change
-0.670(1.78%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $37.08 | $37.29 | $36.88 | $167.7M | 4.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 445 | $36.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.97 | 11870 | 1 |
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| NAB (ASX) Chart |