6 days ago
Buybacks Reach $166 Billion for Biggest July Ever, Birinyi Says
US companies announced share repurchases totaling $166 billion last month, the highest dollar value on record for July, as buyback plans from the largest American financial and technology companies kicked in.
The previous record for July was $88 billion in 2006, according to data compiled by Birinyi Associates. For the year, announced buybacks stand at $926 billion, which is $108 billion ahead of the previous year-to-date record set in 2022, Birinyi data show.
