Guzman Share Repurchase Report - June 2017
Guzman & Company’s Investment Banking team released its Share Repurchase Update for June 2017
Summary: With U.S. banks announcing their capital return plans following Federal Reserve approval, the financial sector dominated the buyback headlines in June. Save for a few consumer names, such as Walgreens ($5BN) and Kroger ($1BN), all of the large announcements came from Financials. JPMorgan announced its largest repurchase authorization since the Financial Crisis ($19.4BN), while Citigroup announced its largest buyback plan to date ($15.6BN). This sector’s burst of activity at the end of the month led to the greatest monthly volume in share repurchase authorization since April of 2015 and the third greatest since the start of 2014.
Read full analysis here: Monthly Share Repurchase Update June 2017.pdf