HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has continued its stock buy-back program, purchasing over 3.4 million shares on August 22, 2024, for cancellation, with prices ranging between £6.5120 and £6.5770 in the UK and HK$66.2500 and HK$66.7500 in Hong Kong. Since the start of the program on August 1, 2024, the company has bought back 81.6 million shares at a cost of around US$673.6 million. The repurchase will result in a reduction of the issued ordinary share capital, enhancing value for remaining shareholders.
For further insights into GB:HSBA stock, check out TipRanks’ Stock Analysis page.
