HSBC Holdings ( (GB:HSBA) ) has issued an update.
HSBC Holdings plc has completed a significant share buy-back, repurchasing 2,660,800 of its ordinary shares on the Hong Kong Stock Exchange. This transaction is part of a larger buy-back program initiated in October 2024, totaling 312,709,939 shares repurchased for approximately US$2,960.6 million. This move is expected to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share. The company’s issued ordinary share capital stands at 17,855,015,813 shares, with no shares held in treasury.
More about HSBC Holdings
HSBC Holdings plc is a prominent financial services organization operating in the banking industry. The company provides a wide range of financial products and services, including personal banking, commercial banking, wealth management, and global banking and markets services. HSBC is headquartered in London and operates globally, with a significant presence in Asia, Europe, and North America.
YTD Price Performance: 8.75%
Average Trading Volume: 22,816,257
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £152.5B
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