HSBC Holdings ( (GB:HSBA) ) has issued an update.
HSBC Holdings plc announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 20 February 2025. The company purchased nearly 2.9 million shares on the UK Venues and approximately 2.9 million shares on the Hong Kong Stock Exchange, with the total buy-back amounting to around US$295.8 million. This strategic 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 prominent financial services organization 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, commercial banking, global banking and markets, and wealth management. HSBC has a significant market presence across various regions, including Europe, Asia, the Middle East, and the Americas.
YTD Price Performance: 16.10%
Average Trading Volume: 22,648,883
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £162.4B
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