Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated in October 2024. This strategic move, involving transactions on both the London and Hong Kong stock exchanges, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The buy-back, which has seen the repurchase of nearly 280 million shares at a cost of approximately $2.624 billion, is a significant action in the company’s financial management strategy.
More about HSBC Holdings
HSBC Holdings plc is a major global financial services provider based in London, offering a wide range of products including personal, commercial, and investment banking services. The company operates internationally, serving customers in numerous markets worldwide.
YTD Price Performance: 2.43%
Average Trading Volume: 24,229,643
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £143B
Learn more about HSBA stock on TipRanks’ Stock Analysis page.
