Investment Banking

Goldman Sachs to CEOs: Stop buying back stock. Buy companies instead

US bank's analysts have a message for chief executives who are buying back their company stock: Stop it. Stop it this instant

Goldman Sachs analysts have a message for chief executives who are buying back their company stock: Stop it. Stop it this instant.

US equity valuations look expensive by "almost any measure," they say in a new research report. Instead of spending money to buy overpriced shares, the team from Goldman argues, executives should use their soaring stocks to buy up other companies.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

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