Share buybacks fell 18% year-over-year in the second quarter, Goldman analysts found, and the second half of the year will likely see further decline.
Share buybacks — one of the stock market's strongest growth drivers — fizzled out in the second quarter of 2019 and is projected to decline further though the year and into 2020, Goldman Sachs analysts wrote. Repurchases fell 18% year-over-year in the second quarter, and total buybacks are projected to fall 15% in 2019, according to Goldman. Buyback programs boost share prices and earnings per share by reducing the number of shares outstanding.
Share buybacks — one of the stock market's strongest growth drivers — fizzled out in the second quarter of 2019 and is projected to decline further though the year and into 2020, Goldman Sachs analysts wrote. Repurchases fell 18% year-over-year in the second quarter, and total buybacks are projected to fall 15% in 2019, according to Goldman. Buyback programs boost share prices and earnings per share by reducing the number of shares outstanding.
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