Companies are preparing to launch a record wave of share buybacks as executives get comfortable with spending excess cash following a blockbuster earnings season and greater clarity on the trajectory of the world economy.
US companies announced $484bn in share buybacks in the first four months of this year, the highest such total in at least two decades, according to Goldman Sachs.
The figure foreshadows a big acceleration in the pace of buybacks, which have already begun to rebound from their nadir last year, when the pandemic encouraged companies to hoard cash in case of a long downturn.
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