HSBC Holdings ( (GB:HSBA) ) has provided an announcement.
HSBC Holdings plc announced the repurchase and cancellation of 897,200 of its ordinary shares from Merrill Lynch International as part of its ongoing share buy-back program. This transaction is part of a larger buy-back initiative that began on 20 February 2025, through which HSBC has repurchased a total of 179,155,799 ordinary shares, amounting to approximately US$1,990.0 million. This strategic move is expected to enhance shareholder value and optimize the company’s capital structure, reflecting HSBC’s commitment to returning capital to its shareholders.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services organization headquartered in London, United Kingdom. The company operates in the banking and financial services industry, offering a wide range of products and services including personal, commercial, and investment banking. HSBC has a significant market presence in Asia, Europe, and North America, focusing on connecting customers to opportunities and enabling businesses to thrive.
YTD Price Performance: 7.63%
Average Trading Volume: 30,129,308
Technical Sentiment Signal: Sell
Current Market Cap: £141.4B
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