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HSBC Holdings ( (GB:HSBA) ) has issued an announcement.
HSBC Holdings plc has executed a significant share buy-back, purchasing over 7.75 million ordinary shares across UK and Hong Kong stock exchanges on January 15, 2025, as part of an ongoing buy-back initiative announced in October 2024. This move, amounting to approximately US$2,553.5 million since the program’s inception, is intended to optimize the company’s capital structure and could potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
More about HSBC Holdings
HSBC Holdings plc is a prominent financial services company headquartered in London, United Kingdom. It operates in the banking and financial services industry, offering a range of services including retail banking, wealth management, and commercial banking. The company is listed on multiple stock exchanges, reflecting its global market presence and focus.
YTD Price Performance: 1.77%
Average Trading Volume: 24,125,950
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £143B
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