Guo Ji Jin Rong Bao·2025-08-11 13:10Group 1 - Major U.S. banks and tech giants are conducting stock buybacks at a record pace, with a total of $983.6 billion in buybacks this year, expected to exceed $1.1 trillion by the end of 2025 [1][2] - In July, U.S. companies executed $165.6 billion in buybacks, surpassing the previous record of $87.7 billion set in July 2006 [1] - Key players in the buyback market include Apple, Alphabet, JPMorgan Chase, Bank of America, and Morgan Stanley, with Apple committing up to $100 billion for buybacks [1] Group 2 - Strong earnings growth and U.S. tax cuts have allowed companies to accumulate more surplus, contributing to recent stock market highs [2] - Stock buybacks are viewed positively as they reduce the number of shares outstanding, increasing earnings per share (EPS) and potentially boosting stock prices [2] - Some analysts express concern that the current trend of stock buybacks reflects short-termism, as executives may be prioritizing immediate returns over long-term investments [2]