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Stock buybacks are soaring in a sign that corporate America is bullish on the US economy.
Companies have announced share repurchases of more than $383 billion in the last 13 weeks, up 30% from the year-earlier period and the largest sum since June 2018, per research from Deutsche Bank. The total includes Apple's $110 billion plan, the largest buyback in history.
The equity strategy team at Deutsche Bank notes that the "boom" in buybacks extends beyond the big names like Apple (AAPL) and Alphab...
>>> Read more: Stock buybacks hit highest level since 2018
Companies have announced share repurchases of more than $383 billion in the last 13 weeks, up 30% from the year-earlier period and the largest sum since June 2018, per research from Deutsche Bank. The total includes Apple's $110 billion plan, the largest buyback in history.
The equity strategy team at Deutsche Bank notes that the "boom" in buybacks extends beyond the big names like Apple (AAPL) and Alphab...
>>> Read more: Stock buybacks hit highest level since 2018
