Leading the charge in share repurchases is Apple's $90 billion stock buyback program announced earlier this year.
The Fed believes 23 of the largest banks now appear to have "strong capital levels" and would be able to withstand a severe recession.
Corporate desks buying shares at discounted valuations should mitigate the blow from institutional selling, says Vanda Research.
Stock repurchases hit record highs in March, led by buybacks in tech shares, according to Bank of America research.
EBay shares leap 10% during early morning trade Thursday. Revenue of $US2.87 billion surpassed Wall Street’s consensus estimate. Board increases quarterly dividend by 12.5%. Visit the Business section of Insider for more stories. Ebay shares soared by 10% ahead of Thursday’s opening bell, supported by fourth-quarter results that outstripped Wall […]
US bank stocks jumped on Monday after the Federal Reserve partially lifted its pause on share buybacks at the firms. The central bank said Friday that banks can resume repurchases in the first quarter of 2021 so long as they don’t exceed the average quarterly profits from their past four […]
The Federal Reserve extended its limits on stock buybacks and dividends for the nation’s largest banks through the rest of 2020. Firms with more than $US100 billion in total assets will be kept from initiating new repurchase programs and must keep dividends below their second-quarter levels, the central bank announced […]
The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approach minimum capital levels under certain coronavirus pandemic scenarios. Banks will be required to suspend share repurchases for the third quarter of the year, the central bank […]
Company executives are more scared now than they were in 2008, according to a study from the Fed that utilised machine learning to analyse hundreds of company earnings calls. The study found that actions consistent with financing concerns spiked dramatically in April as the coronavirus pandemic practically shut down economies […]
Goldman Sachs forecast that share buybacks will fall 50% to $US371 billion in 2020 in a Tuesday report. It would be the lowest level of share repurchases in a decade. Share buybacks have been a popular tool for companies, as they tend to increase share prices by boosting earnings per […]
Companies are repurchasing fewer shares of their stock, and if the trend escalates it could threaten their share prices and earnings per share and fuel volatility, says Goldman Sachs. The banking titan expects stock buybacks among S&P 500 companies to drop 15% to $US710 billion this year, then fall another […]
Share buybacks – one of the stock market’s strongest growth drivers – fizzled out in the second quarter of 2019 and is projected to decline further though the year and into 2020,Goldman Sachs analysts wrote. Repurchases fell 18% year-over-year in the second quarter, and total buybacks are projected to fall […]
Share buybacks of S&P 500 index stocks fell 20% in the second quarter of 2019, according to Sean Darby of Jefferies. Buybacks have slowed since hitting a record $US1.1 trillion in 2018 – a surge that was fuelled by tax cuts. The more than 10-year bull market has been largely […]
Google parent company Alphabet has $US115 billion net cash on its balance sheet as of the third quarter of 2018, by Jefferies calculation. With sufficient cash, Alphabet will likely continue to aggressively buy back shares, Jefferies analyst Brent Thill said. The tech giant launched its first formal share buyback program […]
The Democratic Party’s rising star, Rep. Alexandria Ocasio-Cortez, is a champion of modern monetary theory (MMT), which holds that federal deficits aren’t as bad as we’ve always believed. Naturally, conservatives are freaking out about what this would do to public-sector balance sheets. But the real issue is what Wall Street […]
BHP has $US10.8 billion to return to shareholders after selling its US shale oil assets. But UBS says a decision on how best to return the funds “is not a simple one”. Based on a UBS survey, between 6-80% of institutional investors would like to see the money spent on […]
Google announced a very specific share buyback in its earnings report. The number given is a “perfect number.” Google has a history of making mathematical references. In its Q4 earnings report on Thursday, Google’s parent company Alphabet announced plans to buy back some of its stock – $US8,589,869,056 of stock […]