re: #345 lawhawk

I get what you’re saying. However, if you’ve already set aside X dollars for stock buyback, your dollars will allow the buyback of that many additional shares - supporting the share price at the same time as getting more bang for the money already set aside.

In Chase’s case, they had reauthorized and expanded the existing buyback program back in March - and the purchases are contingent upon several conditions being met.

Right - that’s what I meant about liquidity constraints and so forth. Obviously there are certain advantages to the stock price being lower in a buyback scenario.

But some commentators are seemingly trying to make it sound like: “They were going to buy $1B worth of shares anyway, and now they only have to pay $800M, so they’re $200M better off! Woohoo!”