JPMorgan Sees Record US Buybacks Jumping by Another $600 Billion

JPMorgan Chase & Co. headquarters in New York.

Photographer: Michael Nagle/Bloomberg

US share buybacks could increase by $600 billion over the coming years as repurchases limit the supply of stocks, according to strategists at JPMorgan Chase & Co.

A team including Nikolaos Panigirtzoglou expect the dollar value of buybacks to jump further after hitting a record $1.5 trillion in 2025. The trend will be driven by a rebound in repurchase volumes to the 3% to 4% of equity market cap range seen before the pandemic, up from 2.6% currently.