(CNBC) It’s official: This is an all-time record year for corporate stock buybacks.Announced buybacks for 2018 are now at $1.1 trillion. And companies are using their authorizations. About $800 billion of stock has already been bought back, leaving about $300 billion yet to be purchased. We’ve seen buyback announcements recently from Lowe’s, Pfizer, and Facebook, but in the last few days, as stocks have moved to new lows, companies are picking up the pace of activity.
Stock buybacks hit a record $1.1 trillion, and the year’s not over
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