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The latest update is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has announced the completion of a share buy-back program, purchasing 2.5 million of its ordinary shares for cancellation on the Hong Kong Stock Exchange. This move is part of a broader buy-back initiative started in October 2024, which has seen the company repurchase approximately 297.7 million shares, totaling around US$2.8 billion. The share buy-back is a strategic effort to optimize capital structure and return value to shareholders, potentially enhancing shareholder confidence and impacting the company’s stock performance.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services company headquartered in London, United Kingdom. It offers a wide range of services including retail and commercial banking, wealth management, and global banking and markets. The company is known for its extensive international network and focus on serving customers and businesses worldwide.
YTD Price Performance: 7.69%
Average Trading Volume: 23,190,355
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £151B
See more insights into HSBA stock on TipRanks’ Stock Analysis page.
