HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on February 20, 2025. The company purchased over 5.5 million shares across UK and Hong Kong exchanges, with a total consideration of approximately US$103.8 million. This move is expected to impact the company’s capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services organization headquartered in London, United Kingdom. The company offers a wide range of services, including retail banking, commercial banking, investment banking, and wealth management, with a strong market presence across Europe, Asia, the Americas, and the Middle East.
YTD Price Performance: 12.80%
Average Trading Volume: 23,330,429
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £157.9B
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