According to ChainCatcher, based on data from Birinyi Associates, as of August 20, U.S. companies are planning to repurchase stocks at a record pace, with announced stock buybacks exceeding $1 trillion, achieving this scale in the shortest time in history.
Large companies have been approving large-scale repurchase plans in the past few months. After announcing quarterly results in May, Apple announced a buyback of $100 billion. Alphabet, JPMorgan, Goldman Sachs, and others also announced buybacks of at least $40 billion each. Last month, the total announced buybacks by U.S. companies reached $166 billion, setting a historical high for July.
Rubin, president of Birinyi Associates, expects the total announced buybacks by the end of the year to reach $1.3 trillion. However, the buybacks have also drawn criticism from some members of the Trump administration, with Treasury Secretary Mnuchin specifically criticizing Boeing for conducting 'large-scale' buybacks instead of investing in research and development. (Jinshi)