There are several reasons for the frenzy.
Buybacks among S&P 500 companies are projected to hit $1 trillion this year.
Goldman Sachs reported sharply higher profit this week, and yet its shares fell after Goldman said it wouldn’t be buying back stocks in the second quarter. In this respect, Goldman is an outlier. After the corporate tax rate dropped this…
Stock buybacks are popular with some, but others say they're a waste of money.
Apple earns only about 1% interest by hoarding its pile of cash reserves. Today, it announced how it would start earning investor love with a stock buyback and dividends.
Apple CEO Tim Cook said in a conference call today it would start spending down its nearly $100-billion pile of cash with a $10 billion share buyback and a quarterly stock dividend of $2.65 a share.