Credit Suisse: Buyback Announcements Are Falling

The value of stock buyback plans has surged since 2010. According to investment researcher Morningstar, the top 30 S&P 500 companies repurchased around $700 billion worth of stock between 2010 and 2014. [munger] Since 2009, US corporations have spent at least $2.4 trillion repurchasing shares, the largest buyback binge since the market last peaked in 2007. This binge has attracted plenty of attention, even making it Washington. In April, Sen. Tammy Baldwin, D-Wis., asked the Securities and Exchange Commission to revisit its policies around stock buybacks, citing “mounting evidence to suggest that buybacks have a negative effect on jobs, wages and investment.” Hillary Clinton…