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Despite backlash, stock buybacks keep booming

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Despite backlash, stock buybacks keep booming

CNN - By Matt Egan, CNN Business

New York (CNN Business) — Washington's attacks on stock buybacks haven't scared away Corporate America. Buybacks by corporate clients of Bank of America Merrill Lynch have spiked 91% to $12.2 billion so far this year, the firm said in a report this week. Completed stock repurchases surged last week …

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