HSBC Holdings ( (GB:HSBA) ) just unveiled an update.
HSBC Holdings plc has executed a share buy-back program, purchasing and cancelling a significant number of its ordinary shares on both the London and Hong Kong stock exchanges. This move, part of a buy-back announced in February 2025, involves the repurchase of over 89 million shares amounting to approximately US$1,014.4 million. The cancellation of these shares is expected to impact the company’s share capital structure, reducing the total number of shares with voting rights and potentially enhancing shareholder value.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It offers a wide range of financial products and services including personal, commercial, and investment banking, wealth management, and insurance. HSBC operates globally with a significant presence in Europe, Asia, the Americas, the Middle East, and Africa.
YTD Price Performance: 10.79%
Average Trading Volume: 26,590,522
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £154.6B
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