(Bloomberg) — JPMorgan Chase & Co. temporarily suspended share buybacks and reported second-quarter results that fell short of analysts’ estimates, driving the stock lower. The buyback pause is needed to quickly meet higher capital requirements and “allow us maximum flexibility to best serve our customers, clients and community through a broad range of economic environments,” […]
Read More(Bloomberg) — U.S. companies are stepping up share buybacks, supporting a struggling stock market in the face of mounting geopolitical tension and fears that earnings growth will wane once the Federal Reserve raises interest rates. The 10 biggest repurchases for S&P 500 Index companies last quarter totaled $86 billion, up almost 30% from a year […]
Read MorePlus, the Senate will vote on a “skinny” coronavirus relief bill this week, companies in the race to produce COVID-19 vaccines pledged to avoid shortcuts on science in the approval process, and Microsoft announced a smaller version of its new Xbox gaming console.
Read MoreStock buybacks have been a divisive practice ever since the Securities and Exchange Commission (SEC) started allowing them in 1982. When a company implements a buyback program, it essentially repurchases shares of the company from public shareholders, thus drastically reducing the number of outstanding shares on the open market. Not only does this give the […]
Read MoreWe could see the S&P at 3,000 this year, according to JPMorgan’s strategists. Here’s why.
Read MoreAfter U.S. companies spent more than $1 trillion repurchasing shares last year, the debate over stock buybacks has quickly re-entered the spotlight. This strategy has long been a divisive topic among the investing public; critics argue that buybacks overly reward executives and mask internal corporate problems, while supporters believe they effectively return money to shareholders. […]
Read More