Betwen BofA, Citi, JPMorgan, and now Goldman, (and excluding MS for now), announced buybacks totalling over $24 billion have sent US equity futures spiking after hours.
- Bank of America Authorizes $5b Buyback; Boosts Div to 7.5c-Share
- Citigroup Plans $8.6b Buyback; Lifts Qtr Div to 16c From 5c
- JPMorgan Chase Plans $10.6b Buyback, Maintains qtr Div at 48c/shr
- Goldman Sachs plans buybacks of stock, boosts quarterly dividend
Futures are up across the board… no matter what exposure to financials they have…
As The S&P spikes…
Some context…
via http://ift.tt/29bCj4m Tyler Durden