HSBC Holdings ( (GB:HSBA) ) just unveiled an update.
HSBC Holdings plc announced a share buy-back program to reduce its outstanding ordinary shares, with a maximum expenditure of US$2 billion. The buy-back, facilitated through Merrill Lynch International, will occur on various stock exchanges including the London Stock Exchange and the Hong Kong Stock Exchange, with the repurchased shares set to be cancelled, marking a strategic move to optimize shareholder value.
More about HSBC Holdings
HSBC Holdings plc, headquartered in London, is the parent company of the HSBC Group and operates globally in 58 countries and territories. As one of the world’s largest banking and financial services organizations, HSBC reported assets totaling US$3,017bn as of December 31, 2024.
YTD Price Performance: 14.02%
Average Trading Volume: 23,208,789
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £160.1B
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