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Bank of America Corporation (NYSE:BAC)
3-Year Average Buyback Ratio
1.20 (As of Jun. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

BAC' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -41.6   Max: 3.7
Current: 1.2

-41.6
3.7

During the past 13 years, Bank of America Corporation's highest 3-Year Average Share Buyback Ratio was 3.70. The lowest was -41.60. And the median was -7.60.

BAC's 3-Year Average Buyback Ratio is ranked higher than
87% of the 1052 Companies
in the Global Banks - Global industry.

( Industry Median: -2.00 vs. BAC: 1.20 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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