The latest update is out from HSBC Holdings ( (GB:HSBA) ).
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. This transaction, involving purchases on both the London and Hong Kong stock exchanges, is part of HSBC’s strategy to manage its capital structure and return value to shareholders. The buy-back program has seen the repurchase of over 84 million shares, amounting to approximately US$955.8 million, reflecting the company’s commitment to enhancing shareholder value and optimizing its capital base.
More about HSBC Holdings
HSBC Holdings plc is a major player in the banking and financial services industry, offering a wide range of services including retail banking, wealth management, and commercial banking. The company has a significant market presence globally, with a focus on both developed and emerging markets.
YTD Price Performance: 7.95%
Average Trading Volume: 26,616,274
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £149.8B
Learn more about HSBA stock on TipRanks’ Stock Analysis page.
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