Tax law to spark $450 billion buyout bonanza for Wall Street [CNN]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: CNN
Tax law to spark $450 billion buyout bonanza for Wall Street 1: Tax party: Get ready for the new tax law to create a $450 billion boom -- of stock buybacks. Corporate America is sitting on a mountain of money overseas , built during years of hoarding foreign profits to avoid paying U.S. taxes on them. The new law gives companies a tax break -- paying between 8% and 15.5% instead of the usual 35% -- to bring that money back to America. Wall Street can't wait for the roughly $1.2 trillion in foreign profits that S&P 500 companies are sitting on to get returned. Some of that money will go toward creating jobs and rewarding workers with a raise or a bonus . But analysts believe the bulk of it will be used to reward shareholders . In fact, Bank of America forecasts that companies will devote $450 billion -- or roughly half the remainder after paying taxes -- to stock buybacks. That's a huge windfall that doesn't even include buybacks inspired by the lowering of the corporate tax rate to
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JBLU
News
- JetBlue Charts Puerto Rico Growth As It Battles Frontier Airlines [Forbes]Forbes
- JetBlue Announces Puerto Rico Expansion, New Mint Service to Three Cities, and Three New Destinations [Yahoo! Finance]Yahoo! Finance
- JetBlue Announces Puerto Rico Expansion, New Mint Service to Three Cities, and Three New Destinations [Yahoo! Finance Canada]Yahoo! Finance Canada
- JetBlue Announces Puerto Rico Expansion, New Mint Service to Three Cities, and Three New DestinationsBusiness Wire
- Airline Stars Sara Nelson And David Neeleman Have Never Met. Now They Need A Contract Deal [Forbes]Forbes
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- JBLU's page on the SEC website