HSBC Holdings ( (GB:HSBA) ) just unveiled an update.
HSBC Holdings plc has executed a share buy-back program, purchasing a total of 6,128,377 ordinary shares on March 5, 2025, across UK and Hong Kong stock exchanges. This move is part of a broader buy-back initiative announced in February 2025, which has seen the company repurchase 49,356,920 shares for approximately US$567.6 million. The cancellation of these shares will adjust HSBC’s issued ordinary share capital, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and strategic direction.
More about HSBC Holdings
HSBC Holdings plc is a prominent global financial services company headquartered in London, United Kingdom. It operates in the banking and financial services industry, offering a wide range of products and services including retail banking, wealth management, commercial banking, global banking, and markets. The company is focused on serving customers worldwide, with a significant presence in both developed and emerging markets.
YTD Price Performance: 16.68%
Average Trading Volume: 25,122,930
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £163.1B
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