Corporate buybacks gain steam with banks poised to boost buying

Banks are joining the party after buybacks rose sharply in the first three months of the year, capping several quarters of gains following a pandemic-related dip in 2020. The moves bode well for stocks since buybacks are a direct way to boost share prices and companies are flush with cash as the U.S. economy rebounds from a year of lockdowns.

from Markets-Economic Times https://ift.tt/3qOrCKG