What is the reason for companies buying back their own shares in record numbers
There are several reasons why companies may buy back their own shares in record numbers: 1. To increase earnings per share: When a company buys back its own shares, it reduces the number of outstanding shares, which in turn increases the earnings per share. This can make the company look more profitable and can boost the stock price. 2. To return cash to shareholders: When a company has excess cash on hand, it may…