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Wednesday's Featured Story Buyback Accelerators: 3 Stocks Boosting Capacity & Spending SpeedWritten by Leo Miller. Published 10/28/2025. 
Key Points - Three stocks have just added more than $17 billion in new buyback capacity. They also look poised to increase their spending.
- Two now boast buyback capacity greater than 11% of their market capitalizations.
- The prospect of higher buyback capacity and increased spending speed is a solid positive signal for investors.
Adding new buyback capacity is positive, but it doesn't always mean a company will increase the pace of its buyback spending. Pace matters because it determines how quickly a firm delivers buyback benefits — reducing share count faster and providing a tailwind to metrics such as earnings per share. Below, we detail three stocks that recently boosted their buyback capacity and could also see their buyback pace increase — a two-sided win for investors. Capital One Greatly Boosts Buybacks in Q3, Adds $16 Billion in Capacity Amazon's Layoffs Were Just the Beginning
Amazon just slashed 30,000 jobs – the largest layoff in its history – and almost no one's talking about the real reason why. A former hedge fund manager says it's part of a much bigger shift. One that could reshape how we all work, invest, and build wealth in the years ahead. He's spent the last decade preparing for this moment... and just released something that could help everyday Americans get ahead, while there's still time. Full story here First up is one of the world's biggest names in consumer finance, Capital One Financial (NYSE: COF). Like many financial services companies, Capital One has performed well in 2025, with the stock delivering a return of just over 27%. The firm released its Q3 results on Oct. 21 and announced a hefty new buyback program. Its new authorization is worth $16 billion, equal to about 11.2% of its roughly $143 billion market capitalization. The company is accelerating buyback spending and could ramp up further. The announcement follows Capital One spending $1 billion on repurchases in Q3; it had spent just $600 million on repurchases from Q3 2024 through Q2 2025. On the earnings call, Capital One signaled buybacks may play a larger role going forward. Chief Financial Officer Andrew Young said, "At least in the very near term, it's reasonable to assume that we'll be picking up the pace of share repurchases from here." That suggests buybacks could become a more meaningful part of Capital One's capital allocation strategy, which is positive for shareholders. EPAM Could Accelerate Repurchases After Large Share-Price Decline Next is mid-cap IT services company EPAM Systems (NYSE: EPAM). 2025 has hit EPAM hard — shares are down by about 32% and the stock now trades at nearly one-third of its 2022 high. A new $1 billion share repurchase program, announced on Oct. 21, indicates the company may see significant value at current levels. That authorization represents roughly 11.3% of EPAM's approximately $8.9 billion market capitalization and carries a 24-month term. In Q2, EPAM spent about $195 million on buybacks, its second-highest quarterly total on record. To fully utilize the new capacity over the next eight quarters, the company would need to increase its average quarterly repurchases by roughly 28% from that Q2 level — a potential tailwind for the shares. Still, management is not obligated to use the authorization in full or at all. Barclays Boosts Guidance and Announces Unexpected Buyback Last is another big name in finance, Barclays (NYSE: BCS). Barclays' shares have surged in 2025, returning nearly 60%. Alongside its Q3 2025 results, the bank announced a surprise buyback authorization as it generated better-than-expected earnings. The firm raised its return on tangible equity (ROTE) guidance for 2025 to greater than 11%, up from 11%. The authorization equals about $670 million, or roughly 0.9% of its $71.9 billion market cap. That relatively small authorization sits within Barclays' larger three-year capital return program. From 2024 to 2026, Barclays intends to return $13 billion in capital to shareholders (or "at least 10 billion GBP," according to the company). That will come through dividends and buybacks, with total distributions in 2025 expected to be higher than in 2024. Given its stronger-than-expected results, Barclays authorized $670 million of this $13 billion program earlier than planned. Overall, the business is gaining momentum, allowing it to deliver on capital returns sooner — a sign the rally in 2025 could extend into 2026. Does EPAM's Steep Drop and Buyback Boost Indicate Opportunity? Capital One, EPAM, and Barclays all look positioned to potentially increase the pace of their buyback spending. Among them, EPAM stands out as a candidate for closer scrutiny. Its sharp decline suggests there may be meaningful value here, particularly if the company follows through on a stepped-up repurchase program.
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