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U.S. companies, fed by tax savings, unveil buybacks at $6.1B a day

May 22, 2018 3:25 PM ETApple Inc. (AAPL) StockAAPL, QCOM, TMUS, AVGO, METABy: Liz Kiesche, SA News Editor163 Comments
  • U.S. companies announced new stock buyback programs totaling about $183B in April-May earnings season, MarketWatch reports, citing Trim Tabs Investment Research.
  • That follows the $191.4B of buybacks announced in the January-February earnings season.
  • “The buyback boom early this year confirms our view that the main use of corporate America’s tax savings will be takeovers and stock buybacks rather than capital investment or hiring,” Trim Tabs said.
  • Five companies accounted for 75% of the amount: Apple's (AAPL) with a $100B program, Broadcom (AVGO +0.1%) at $12B, Facebook (FB -0.1%) at $9B, Qualcomm (QCOM -0.2%) at $8.8B, and T-Mobile (TMUS +0.2%) at $7.5B.
  • Previously: Dunkin' Brands approves new $250M buyback plan (May 22)

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