JPMorgan: Corporate Financing Surplus Hits Record High, Supporting Stock Buybacks

JPMorgan reported on September 24, 2026, that U.S. corporate financing surplus reached nearly 2% of GDP in Q2 2026, the highest non-crisis level since 1952. Global stock buybacks are projected to hit $1.7 trillion this year, with U.S. firms accounting for $1.3 trillion. The report also noted that Bitcoin production costs are approximately $85,000, with network hashrate and mining difficulty declining from their October peaks.