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The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc announced a recent transaction involving the repurchase and cancellation of 2,197,600 ordinary shares on the Hong Kong Stock Exchange as part of its ongoing share buy-back program initiated on 30 October 2024. This strategic move is part of a broader effort by HSBC to optimize its capital structure, having already repurchased over 303 million shares amounting to approximately $2.86 billion, potentially enhancing shareholder value and market confidence.
More about HSBC Holdings
HSBC Holdings plc is a global financial services company headquartered in London, United Kingdom. It operates within the banking industry, offering a wide range of financial products and services, with a significant focus on international markets.
YTD Price Performance: 4.62%
Average Trading Volume: 23,240,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £146.7B
See more insights into HSBA stock on TipRanks’ Stock Analysis page.
