Share Buybacks Come Roaring Back

Publicly-traded U.S. corporations have resumed share buybacks at a torrid pace, following an informal blackout period prior to third-quarter earnings announcements, CNBC reported Thursday. Analysts at J.P. Morgan said that buybacks could hit a monthly record in November. Goldman Sachs said that share repurchases increased by 51 percent in the first half of 2018, driven in large part by the corporate tax cuts that went into effect in January. Earlier this year, Goldman said that companies could authorize $1 trillion in buybacks in 2018.