Announced Share Buybacks in the U.S. This chart puts into perspective the year-to-date running total of announced share buybacks in the U.S., compared to previous years. Investors should expect slower EPS growth and less support for stock prices this year. Image: Fidelity Investments
Gross Share Buyback Announcements Bye-bye buybacks? Announced share buybacks suggest a downshift in buyback activity this year. Image: J.P. Morgan
S&P 500 Sectors Announced Buybacks This chart puts into perspective announced share buybacks by sector in the United States. Image: Deutsche Bank Asset Allocation
Sector Breakdown of 164 Companies that Discussed Suspending Buybacks and/or Dividends Corporate share buybacks are declining amid the coronavirus pandemic. Image: Goldman Sachs Global Investment Research
Buybacks in 2020 Bye-bye buybacks? Buybacks are expected to fall by 50% this year compared with 2019 levels, suggesting slower EPS growth and less support for stock prices. Image: J.P. Morgan
S&P 500 EPS Growth vs. Buyback Growth This chart shows the historical correlation between S&P 500 EPS growth and buyback growth (R² = 0.32). Goldman Sachs expects buybacks to fall by 50% during 2020 and EPS by 33%. Image: Goldman Sachs Global Investment Research
U.S. Buybacks in 2020 Goldman Sachs expects buybacks to fall by 50% during 2020 compared with 2019 levels, suggesting slower EPS growth and less support for stock prices. Image: Goldman Sachs Global Investment Research
Implied Trailing 12-Month Buybacks Goldman Sachs expects a sharp decline in buybacks in 2020 and 2021, suggesting less support for stock prices and slower EPS growth. 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