Thanks, Donald! S&P Companies To Buyback $800 Billion Of Own Stock

S&P 500 companies will buy back a record $800 billion of their own shares in 2018, funded by savings on tax, strong earnings and the repatriation of cash held overseas, J.P. Morgan said Friday.

That will far exceed the $530 billion in share buybacks that was recorded in 2017, analysts led by Dubravko Lakos-Bujas wrote in a note. Companies have already announced $151 billion of buybacks in the year to date.

https://www.marketwatch.com/story/sp-500-companies-expected-to-buy-back-800-billion-of-their-own-shares-this-year-2018-03-02

 

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