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HSBC Holdings ( (GB:HSBA) ) has shared an update.
HSBC Holdings plc announced the purchase for cancellation of 2,500,000 of its ordinary shares from Morgan Stanley & Co. International plc, as part of an ongoing buy-back program initiated on 30 October 2024. The buy-back reflects HSBC’s strategic focus on optimizing its capital structure, with the company having repurchased a total of 308,014,339 shares for approximately US$2,911.1 million since the program’s commencement. This move underscores HSBC’s commitment to enhancing shareholder value and aligns with its broader financial strategy.
More about HSBC Holdings
HSBC Holdings plc is a global financial services company headquartered in London, United Kingdom. It is incorporated in England and Wales, and its primary services include banking and financial solutions. HSBC operates on multiple stock exchanges and serves a diverse international market.
YTD Price Performance: 5.25%
Average Trading Volume: 23,026,895
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £147.6B
See more insights into HSBA stock on TipRanks’ Stock Analysis page.
