Banks bought back more than $5 billion of their own stock in the second quarter, matching the first quarter's pace and doubling last year's rate.

Bank of America Corp. led the second-quarter spree, buying back 25 million shares for $1.75 billion, at an average price of $70 a share.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.