Tax cut triggered explosive stock buyback in the U.S

Corporate America called out for repurchase of their own equity due to change in the American tax policies. Apple inc. alone announced that it would buyback shares worth $100bn. Big wall street banks like Wells Fargo, JP MORGAN Chase and Bank Of America announced that they would buyback their own shares at least of $20bn worth.

Such repurchase of equity increases the market capital of that organisation. Thus it increases the share price as well.

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Published by shreyasshamshrikant

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