HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings PLC has recently executed a share buy-back, purchasing a total of 8,048,637 of its own ordinary shares from the UK and Hong Kong stock exchanges at varying prices, with the intent of cancelling them to manage share capital. Since the buy-back’s announcement on May 7, 2024, HSBC has repurchased over 265 million shares, amounting to approximately $2.326 billion in value. This activity is part of HSBC’s ongoing efforts to optimize its capital structure and deliver value to its shareholders.
For further insights into GB:HSBA stock, check out TipRanks’ Stock Analysis page.
