On share buybacks, BofA leads US banks with $28bn splurge

In total, US G-Sibs spend 28% more on own shares in 2019 than previous year

Bank of America spent the most capital to buy back its own shares out of the too-big-to-fail US banks in 2019, Risk Quantum analysis shows.

The eight global systemically important banks (G-Sibs) collectively spent $107.5 billion purchasing their own common stock last year; an increase of 28% on 2018.

Bank of America spent $28.1 billion, 40% more than in 2018. JP Morgan came second, spending $24.1 billion (20.7% more than in 2018), followed by Wells Fargo with $21.7 billion (22%), Citi with $17

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here