Latest news with #stockbuyback
Bloomberg
11 hours ago
- Business
- Bloomberg
Bank of America to Buy Back $40 Billion of Shares in New Program
Bank of America Corp. announced a new $40 billion stock-buyback program, sending shares up. The company's board authorized the repurchases to begin when the current program is completed on Aug. 1, according to a statement Wednesday. The new program replaces the current $25 billion authorization announced a year ago, of which the firm had $9.1 billion of capacity remaining as of the end of June.
Yahoo
7 days ago
- Business
- Yahoo
US corporates expected to buoy stock markets with buy backs, says Citadel Securities
By Nell Mackenzie LONDON (Reuters) -Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens after companies' blackout period. The most recent corporate reporting season ends in August. Stock purchases, whether from investors trading equities or from the companies themselves, generally lead to asset prices rising. WHY IT'S IMPORTANT August is typically a positive month for stock markets and there has been a debate as to whether the scale of the rally is justified given ongoing uncertainties over U.S. tariffs. Big investors are staying out of markets for now and corporate buybacks may support higher asset values. Plus, earnings expectations this season are low, Rubner adds. "I put the current set-up in baseball terms – inning 7 out of 9," he said, referring to the final stages of a game. KEY QUOTE(S) "July seasonals are exceptional for U.S. stocks. Since 1928, July is the best-performing month of the year for the S&P 500, while September is the worst-performing month of the year as investors go 'back to school'," Rubner said in a note released on Wednesday and seen by Reuters. CONTEXT The S&P 500 and Nasdaq indexes hit record highs on July 15, up 6.7% and 7.5% respectively so far this year. MARKET REACTION Citadel Securities' retail trading flows have seen retail traders buy cash equities for the past 14 trading sessions, the longest daily retail buying streak since December 2024, which lasted 16 days, its note said. There has been a competition in markets for who can buy the dip the fastest, said Rubner. WHAT'S NEXT "I think that equities can rally further from here led by positive seasonal factors, strong flow-of-funds, continued retail support, return of corporates, and final buy-in from fundamental investors," he said. GRAPHIC (Reporting By Nell Mackenzie; Editing by Dhara Ranasinghe and Sharon Singleton)
Zawya
7 days ago
- Business
- Zawya
US corporates expected to buoy stock markets with buy backs, says Citadel Securities
LONDON - Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens after companies' blackout period. The most recent corporate reporting season ends in August. Stock purchases, whether from investors trading equities or from the companies themselves, generally lead to asset prices rising. WHY IT'S IMPORTANT August is typically a positive month for stock markets and there has been a debate as to whether the scale of the rally is justified given ongoing uncertainties over U.S. tariffs. Big investors are staying out of markets for now and corporate buybacks may support higher asset values. Plus, earnings expectations this season are low, Rubner adds. "I put the current set-up in baseball terms – inning 7 out of 9," he said, referring to the final stages of a game. KEY QUOTE(S) "July seasonals are exceptional for U.S. stocks. Since 1928, July is the best-performing month of the year for the S&P 500, while September is the worst-performing month of the year as investors go 'back to school'," Rubner said in a note released on Wednesday and seen by Reuters. CONTEXT The S&P 500 and Nasdaq indexes hit record highs on July 15, up 6.7% and 7.5% respectively so far this year. MARKET REACTION Citadel Securities' retail trading flows have seen retail traders buy cash equities for the past 14 trading sessions, the longest daily retail buying streak since December 2024, which lasted 16 days, its note said. There has been a competition in markets for who can buy the dip the fastest, said Rubner. WHAT'S NEXT "I think that equities can rally further from here led by positive seasonal factors, strong flow-of-funds, continued retail support, return of corporates, and final buy-in from fundamental investors," he said. (Reporting By Nell Mackenzie; Editing by Dhara Ranasinghe and Sharon Singleton)
Reuters
7 days ago
- Business
- Reuters
US corporates expected to buoy stock markets with buy backs, says Citadel Securities
LONDON, July 17 (Reuters) - Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens after companies' blackout period. The most recent corporate reporting season ends in August. Stock purchases, whether from investors trading equities or from the companies themselves, generally lead to asset prices rising. August is typically a positive month for stock markets and there has been a debate as to whether the scale of the rally is justified given ongoing uncertainties over U.S. tariffs. Big investors are staying out of markets for now and corporate buybacks may support higher asset values. Plus, earnings expectations this season are low, Rubner adds. "I put the current set-up in baseball terms – inning 7 out of 9," he said, referring to the final stages of a game. "July seasonals are exceptional for U.S. stocks. Since 1928, July is the best-performing month of the year for the S&P 500, while September is the worst-performing month of the year as investors go 'back to school'," Rubner said in a note released on Wednesday and seen by Reuters. The S&P 500 (.SPX), opens new tab and Nasdaq (.IXIC), opens new tab indexes hit record highs on July 15, up 6.7% and 7.5% respectively so far this year. Citadel Securities' retail trading flows have seen retail traders buy cash equities for the past 14 trading sessions, the longest daily retail buying streak since December 2024, which lasted 16 days, its note said. There has been a competition in markets for who can buy the dip the fastest, said Rubner. "I think that equities can rally further from here led by positive seasonal factors, strong flow-of-funds, continued retail support, return of corporates, and final buy-in from fundamental investors," he said. GRAPHIC
Yahoo
13-07-2025
- Business
- Yahoo
Buybacks Reach Record Highs as Q2 Earnings Season Approaches
As we head into the second half of the year, expect record stock buyback activity for companies in the S&P 500. While we wait for official numbers to come out for Q2 which just closed last Monday, June 30, the year was off to a stellar start when Q1 buybacks hit a record of $293B, according to S&P Global. The previous record was set in Q1 2022 when buybacks totaled $281B.[1] Analysts have said they expect 2025 to hit $1T in total buybacks.[2] Buybacks remained top heavy, with the top 20 S&P 500 companies accounting for 48.4% of Q1 2025 buybacks, a slight decrease from 49% in Q4 2024. While the concentration amongst top stock repurchases still exists, more companies within the S&P 500 have been repurchasing stock as of late, and the number purchasing over 1% of their public stock has increased.[3] This story changes slightly when you look globally. Despite the dollar level of buybacks hitting records, Wall Street Horizon data shows that the actual number of announcements has been relatively low, historically speaking. The second quarter closed out with 164 announcements, that comes after Q1 recorded 168 buyback announcements. The quarterly average over the last five years has been 204 announcements. You can see in the chart below that those numbers are steadily climbing after bottom-ing out in 2023. Source: Wall Street Horizon As interest rates fall, as many are expecting at the next Fed meeting on July 30, holding onto cash tends to become less attractive to corporations who want to deploy and put it to work. Typically, buybacks are a good thing for shareholders as well, as they artificially improve earnings per share of a company, if not actually improving earnings. Share repurchases come under fire for this reason as well, with many arguing that companies could have put the money to better use by investing it back into the company. Investors tend to prefer companies that are buying back shares while also investing in growth. A great example is the mega tech names, many of which are the largest buyers of their own stock, but also tend to invest heavily in research and development and AI, among other things. As the Q2 earnings season begins on Tuesday, July 15th with reports from major banks, investors should closely monitor buyback announcements. An increase in share repurchases would indicate corporate America's renewed willingness to deploy cash, which could have positive implications for the US economy. 1 S&P 500 Q1 2025 Buybacks Set Quarterly Record at $293 Billion, S&P Global, June 25, 2025, 2 Wall Street could get a boost from $1 trillion in buybacks, Goldman says, Reuters, Nell Mackenzie, January 16, 2025, 3 S&P 500 Q1 2025 Buybacks Set Quarterly Record at $293 Billion, S&P Global, June 25, 2025, Copyright 2025 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. This publication shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners. This article first appeared on GuruFocus. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
