美企回购创历史新高:科技龙头与华尔街大行主导,全年或超 1.1 万亿美元

新浪财经
Aug 11, 2025

美国企业今年掀起前所未有的回购热潮:年内已公布的回购规模达 9836 亿美元,按当前节奏全年有望突破 1.1 万亿美元,推升了标普与纳指并巩固公司资产负债表。资金主要来自苹果、Alphabet 等科技巨头及摩根大通、美国银行、摩根士丹利等大型银行,回购高度集中于头部企业,前 20 家贡献接近一半。受强劲盈利与减税驱动,企业现金更为充裕;而贸易与关税带来的不确定性压抑了部分长期资本开支,使“见效更快...

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