Stock buybacks are crazy right now. Here’s why.
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 year, American companies have been using cash to repurchase their own shares in furious fashion.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
