Companies bought back a record $223 billion of their own stock last quarter — even though Congress has been criticizing the practice

Rep. French Hill, an Arkansas Republican and member of the House Financial Services Committee, wrote in

But the political debate hasn't discouraged public companies from repurchasing their stock — and lots of it. That was the fourth consecutive quarter of record S&P 500 company buybacks, the longest such streak in the two decades the firm has tracked the activity.Companies are on pace to shatter records for share buybacks — and their behavior is dispelling a few key myths about the stock market

"Companies continued to spend more of their tax savings on these share repurchases as they boosted earnings through significantly reduced share counts."Which corporations are actually executing the buybacks? Most of them. Last year, 444 companies in the S&P 500 repurchased shares, up from 424 in 2017.

Paul Ryan’s America.

Shuri

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber is on the brink of buying rival ride-sharing company Careem for $3.1 billionUber's deal for Careem will reportedly total $3.1 billion — $1.4 billion in cash plus $1.7 billion in convertible notes.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US companies bring home $665 billion in overseas cash last year, falling short of Trump pledgePresident Trump said tax cuts would bring home $4 trillion in corporate profit to spur U.S. economy Much, much more to come. Sorry, Dems. Compare this to Obama. GOPTaxScam
Source: CNBC - 🏆 12. / 72 Read more »

Stock buybacks among S&P 500 companies mark a record streakThe amount of shares repurchase among S&P 500 companies in the last three months of 2018 hit a record in the fourth quarter, marking the fourth consecutive quarterly all-time high and the longest such streak on record. Lets see if we experience a decent (Window Dressing) futures romp-over-night, only 4-days left to trade in 1st quarter 2019; [out with the dogs, in with the out-performers to paint the ape] before fund-manager statements are mailed out!
Source: MarketWatch - 🏆 3. / 97 Read more »