May. 28 at 2:30 PM
Goldman: Among constituents of the Stoxx Europe 600 index, 350 companies are currently engaged in buybacks.
Total cash returns to shareholders in Europe, including dividends & buybacks, are expected to total €650B (
$703.01B) this year, which would be a new record.
“The number of European companies engaged in buybacks should reach an all-time high. We had a shift after Covid-19 and now companies are buying back their own shares at a pace of €170B over the last 12 months, which is roughly 1.5% of the market capitalization.
In Europe, financial & energy companies are doing half of the overall buybacks
Factset: Last year,
$SHEL was Europe’s biggest buyer of its own stock
Around two-thirds of buyback programs outlined by European companies have yet to be completed and this could turn into a lasting tailwind for stocks
$FEZ $VGK $EZU $IPKW