Forget big super and index funds – the most consistent buyers of major bank shares this decade have been the banks themselves.
Since August 2021, the big four banks have announced on-market and off-market buybacks worth a combined $28.5 billion, using them to return excess capital to investors and improve return per share metrics.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
