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Buyback Engine at Full Throttle

Companies' purchases of their own shares not deterred by volatile markets

By Oliver Renick, Bloomberg | Updated on February 10, 2016

Amid the worst start for stocks ever, one long-time buyer is standing firm: U.S. companies. Whether that’s reason for optimism is debatable.

American corporations repurchased more of their own shares in the first four weeks of the year than they did in the same period of 2015, according to Bank of America Corp. Goldman Sachs Group Inc. told clients this week that buybacks are accounting for nearly 20 percent of trading volume, according to two people who saw the note.

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