🔴 BREAKING: S&P 500 stock buybacks reached $237 billion in the first quarter of 2024, the third highest amount in history.
This is up 10% year-on-year and 8% compared to the fourth quarter of 2023.
The increase is largely due to the 20 largest companies in the S&P 500 index accounting for 51% of all buybacks.
There have only been two quarters in history that have seen more share buybacks, Q4 2021 and Q1 2022.
Total stock buybacks are set to exceed $1 trillion for the first time ever in 2024.
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