The latest update is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initially announced in February 2025. This transaction involved purchasing over 5 million shares across UK and Hong Kong exchanges, totaling approximately US$898.9 million since the program’s commencement. The move is aimed at reducing the number of shares in circulation, potentially increasing shareholder value and reflecting confidence in the company’s financial position.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It provides a wide range of financial products and services including personal, commercial, and investment banking, wealth management, and insurance. HSBC operates globally with a strong presence in both developed and emerging markets.
YTD Price Performance: 7.17%
Average Trading Volume: 26,404,119
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £149.8B
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