US share buybacks are set to surpass $1 trillion next year for the first time ever, thanks to strong megacap technology earnings, strategists at Goldman Sachs Group Inc. said.
For 2024, the bank expects S&P 500 stock repurchases to grow by 13% to $925 billion and a further 16% in 2025 to just over $1 trillion, rebounding from last year’s decline. Easier lending conditions as central banks cut rates, as well as the removal of political uncertainty after the US election should also help, Goldman added.
