S&P 500 Share Buyback Announcements

S&P 500 Share Buyback Announcements The coronavirus pandemic stops share repurchases. Buyback authorizations have declined by 66% year-over-year. Image: Goldman Sachs Global Investment Research

Buybacks and S&P 500 Returns

Buybacks and S&P 500 Returns Chart suggesting that there is no evidence that buybacks blackouts represent a risk to markets. Image: BofA Securities

S&P 500 Sectors Announced Buybacks

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

S&P 500 EPS Growth vs. Buyback Growth

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

Buybacks – S&P 500 Annual Share Repurchases

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 Net Debt vs. Share Buybacks

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