IR Magazine: ‘Like watching paint dry’: Buyback announcements slowest in years despite surprises from Snap, Bumble and Ferrari

Read the full article on IR Magazine.

Excerpt:

Monitoring the market for share buybacks in 2023 has been likened to ‘watching paint dry’, as even the Q3 earnings season failed to ignite confidence.

With the cost of equity and debt capital far higher than a year ago, investors reportedly prefer company executives to shore up balance sheets. This environment has driven down the number of buyback announcements.

The year as a whole is on track to be the weakest year for buyback announcements, while Q4 is well below all quarters in Wall Street Horizon’s (WSH) tracking history. The firm began monitoring buyback announcements in 2016.

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