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.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump