Four Banks & Three Tech Companies Blow $56 Billion in Q3 to Prop Up Their Own Shares

by Wolf Richter
Wolf Street

The Biggest Share-Buyback Queens: When Will They Run Out of Juice?

Companies in the S&P 500 index bought back $176 billion of their own shares in the third quarter, down 13.7% from the third quarter last year, and down 21.1% from the record share-buyback mania in Q4 2018, according to the S&P Dow Jones Indices. But hey, since the beginning of 2012, these companies have bought back $4.37 trillion of their own shares, exceeding the magnitude of Germany’s annual GDP.

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