Goldman Sachs, Morgan, and other major American banks' Q1 stock buyback expenditures hit a record high

ME News Report, April 15 (UTC+8), thanks to profit growth and the Trump administration’s more relaxed regulatory rules, the largest banks in the United States collectively invested a record $33 billion in stock buybacks in the first quarter of 2026, significantly exceeding market expectations. JPMorgan Chase, Goldman Sachs, and Citigroup all conducted their largest stock buybacks ever. Bank of America and Morgan Stanley’s buyback amounts also reached their highest levels in years. Oppenheimer senior analyst Chris Cotowski, who tracks large bank stocks, said, “The actual buyback scale for each bank is 30%, 40%, or even 50% higher than our model predicted.” Additionally, the Trump administration is implementing the most significant deregulation policy on Wall Street since the 2008 financial crisis, allowing banks to allocate more resources to loans and shareholder returns rather than strengthening their capital buffers. (Jin10) (Source: ODAILY)