Buybacks and Cumulative U.S. Equity Demand by Source
Buybacks and Cumulative U.S. Equity Demand by Source Lower equity valuations and higher volatility could reduce buybacks. Image: Goldman Sachs Global Investment Research
Buybacks and Cumulative U.S. Equity Demand by Source Lower equity valuations and higher volatility could reduce buybacks. Image: Goldman Sachs Global Investment Research
U.S. Buybacks vs. Earnings Buybacks tend to move alongside earnings and are likely to be reduced in 2020. Image: Goldman Sachs Global Investment Research
Buybacks – Quarterly Share Repurchases During Bull and Bear Markets This chart shows that companies tend to reduce buybacks during bear markets. Image: Charles Schwab
Buybacks – S&P 500 Annual Share Repurchases Goldman Sachs expects stock buybacks among S&P 500 companies to drop 5% to $675 billion this year. Image: Goldman Sachs Global Investment Research
S&P 500 Buybacks Relative to Index Market Capitalization A recovery in corporate earnings could lead to a rebound in buybacks this year. Image: Gavekal, Macrobond
S&P 500 Net Debt vs. Share Buybacks U.S. companies are ramping up share buybacks. Funding is coming in part from a rise in debt. Image: Societe Generale Cross Asset Research
U.S. Buybacks and Buyback Yield Buybacks are expected to slow to $625bn in 2020, while providing robust yields. Image: Wells Fargo Investment Institute
Cumulative Market Cap Growth vs. Cumulative Executed U.S. Buybacks Through the current cycle, U.S. buybacks have returned about $5.5 trillion to shareholders. Image: J.P. Morgan US Equity Strategy & Global Quantitative Research
S&P 500 Earnings and Net Buybacks Buybacks have been trending lower over the last two quarters. Deutsche Bank expects buybacks to slow to $625bn in 2020. Image: Deutsche Bank Asset Allocation
U.S. Share Buybacks and VIX Interesting chart suggesting the relationship between U.S. share buybacks and VIX. Image: Societe Generale Cross Asset Research
S&P 500 Capital Allocation – Dividends, Buybacks and Capital Expenditures 2018 corporate tax cut boosted dividends and buybacks, but not capital expenditures. Image: Oxford Economics