HSBC Holdings (GB:HSBA) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
HSBC Holdings plc has announced the repurchase and subsequent cancellation of a significant number of its ordinary shares, a move indicative of a stock buy-back strategy aimed at consolidating share value. On August 30, 2024, the company bought back and cancelled over 2.4 million shares on UK Venues and around 4.6 million shares on the Hong Kong Stock Exchange, with the buy-back totaling approximately $969.5 million since its initiation. As a result, HSBC’s issued share capital will be reduced to 18,406,361,335 ordinary shares with voting rights, excluding any shares held in treasury.
For further insights into GB:HSBA stock, check out TipRanks’ Stock Analysis page.
