Bank of America (BofA) reports that the prioritization of returning cash to shareholders is at an 11-year high. Corporate buybacks by clients, as a percentage of the S&P 500 market cap, have surpassed 2019 levels. This trend is reflected in the record high buybacks, despite global share buybacks slowing to near pandemic-era lows. Additionally, BofA clients sold equities last week, with retail outflows leading the trend.