Stock buybacks are on track to be the lowest ever this quarter

Stock buybacks are on track to be the lowest ever this quarter

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020.

Jeena Moon | Reuters

Stock buybacks are on track for the lowest total on record this quarter, according to Bank of America.

The sharp economic slowdown caused by the pandemic has left many companies scrambling…

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