GenTrust Head of Equities Olivier Sarfati in The Wall Street Journal

Buybacks Hit Record After Pulling Back in 2020

Trend expected to continue as S&P 500 companies top $234 billion in third-quarter repurchases

Stock buybacks are back.

Companies in the S&P 500 repurchased $234.5 billion in shares during the third quarter, topping the previous record of $223 billion in the fourth quarter of 2018, according to preliminary data from S&P Dow Jones Indices. The wave of share repurchases has helped propel U.S. stock indexes to dozens of records in 2021. The S&P 500 is up 25% this year, notching 67 record closes.

Read more here.