From Zacks: The S&P 500 companies repurchased a record $178 billion worth of their own stocks during the first quarter of 2018, per the S&P Dow Jones Indices data.
When the Fed announced that it had approved the CCAR submissions of all 34 banks it had reviewed, it was followed by a flurry of dividend raise and share buyback announcements. Citigroup (C), Bank of America (BAC) and Morgan Stanley (MS) alone authorized buybacks of more than $32 billion.
Share buybacks and dividends have been among the primary contributors to the stock market Bull Run. In fact, share buybacks in the third quarter amounted to $143.4 billion – the fourth highest quarter for spending on buybacks by S&P 500 companies since 2005.