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Sam Ro, industry influencer, reports that U.S. companies in the S&P 500 Index announced plans to buy back $665 billion worth of shares over the four months through April, marking the highest amount ever recorded to start a year.
The data is sourced from Birinyi Associates and underscores a surge in corporate buyback activity among major U.S. firms.
Ro has previously highlighted Jamie Dimon's statement that the U.S. remains the top global investment destination during turbulent periods. Separately, he reported that UPS expects revenue and operating profit to grow in the second quarter. These developments come as major corporations continue to lay out strategies for capital allocation.