HSBC Holdings ( (GB:HSBA) ) has issued an announcement.
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 20 February 2025. The company purchased a total of 5,934,906 shares on 4 March 2025 across UK and Hong Kong exchanges, with the total repurchase since the program’s commencement amounting to 43,228,543 shares for approximately US$495.4 million. This move is expected to impact the company’s share capital and voting rights, with further announcements pending the cancellation of shares repurchased on the Hong Kong Stock Exchange.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company headquartered in London, United Kingdom. It operates in the banking and financial services industry, offering a wide range of products and services including personal, commercial, and investment banking, as well as wealth management. HSBC has a significant market presence in both the UK and Hong Kong, among other regions.
YTD Price Performance: 18.88%
Average Trading Volume: 24,535,147
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £166.3B
For an in-depth examination of HSBA stock, go to TipRanks’ Stock Analysis page.