JP Morgan: The scale of US stock buybacks may increase by another $600 billion, setting a new record high.

J.P. Morgan strategists said that the size of stock buybacks in the United States may increase by another $600 billion in the coming years. It was previously expected that by 2025, stock buybacks in the United States would reach a historical record of $1.5 trillion, and the size is expected to rise further. The strategists team, including Nikolaos Panigirtzoglou, believe that there is still room for growth in stock buybacks, which could reach 3% to 4% of the total market value of the stock market, a level that would be on par with pre-COVID-19 levels. The team wrote in a report, "The strong support for the stock market this year by U.S. stock buyback power could become even stronger in the coming years." They added that record stock buyback sizes, combined with weak initial public offering activity, are causing stock supply to show negative growth for the fourth consecutive year, a phenomenon that is "unprecedented."