Goldman's Share Count to Continue Its Steady Decline

This quarter, most banks and brokers have been busy suspending their buyback programs and cutting their dividends as their earnings outlook deteriorates. Goldman Sachs (GS), on the other hand, not only continues to buy back stock but they also authorized an additional $12.5 bln for future buybacks.

With a market capitalization of roughly $88 bln, today's announcement represents approximately 14% of the company's market cap.

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