Buybacks Lose Favor as Issuances Grow

The video discusses the decline in share buybacks in Europe and the US, highlighting that European buybacks have halved since 2018, and US companies, excluding tech, are issuing more shares than they are buying back. The discussion includes insights from SoC Gen on capital issuances and the shift from debt-funded to equity-funded buybacks. This shift is driven by companies needing to support their balance sheets during the crisis, leading to increased stock and credit issuances.

What significant change has occurred in European companies' stock buybacks since their peak in 2018?

How have US companies' stock buyback trends changed when excluding the tech sector?

What was the total amount of buybacks put into the market over the past three years?

What is the primary reason companies are flocking to stock issuances during the current crisis?

What trend is observed in credit issuances as mentioned in the text?