With corporate cash balances looking flush again as businesses recover from the depths of the COVID-19 pandemic, Goldman Sachs (GS) strategist David Kostin thinks a stock buyback “bonanza” is on the horizon.
Kostin estimates a 35% increase in share buybacks this year and a 5% pop in 2022. Share buybacks from U.S. companies through April have tallied $484 billion, more than double the pace at this same point last year. It marks the quickest pace of U.S. buyback announcements to kick off a…
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