HSBC Accelerates Share Buy-Back Program

An announcement from HSBC Holdings ( (GB:HSBA) ) is now available.

HSBC Holdings plc announced the repurchase of its ordinary shares from Morgan Stanley & Co. International plc as part of its ongoing buy-back program. On January 13, 2025, the company purchased 6,908,518 shares in the UK and 2,717,200 shares in Hong Kong, leading to a total buy-back of 257,825,148 shares since the program’s commencement. This initiative, aimed at canceling shares to reduce the total share count, will impact the company’s share capital and voting rights, with further announcements pending for Hong Kong transactions.

More about HSBC Holdings

HSBC Holdings plc is a global financial services company headquartered in London, United Kingdom. It operates in the banking industry, offering a wide range of financial products and services including retail banking, commercial banking, and wealth management. HSBC has a significant presence in both the UK and Hong Kong markets, catering to diverse financial needs.

YTD Price Performance: 1.76%

Average Trading Volume: 23,859,888

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £143.1B

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