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HSBC Holdings ( (GB:HSBA) ) just unveiled an update.
HSBC Holdings plc has announced a repurchase of 2,280,000 ordinary shares of US$0.50 each from Morgan Stanley & Co. International plc, as part of its ongoing share buy-back program that began on 30 October 2024. The buy-back effort underscores HSBC’s strategy to optimize its capital structure and enhance shareholder value. To date, the company has repurchased a total of 290,819,139 ordinary shares for approximately US$2,734.5 million. This move is expected to have implications on the company’s issued ordinary share capital, which currently stands at 17,855,015,813 shares, potentially affecting shareholder voting rights calculations.
More about HSBC Holdings
HSBC Holdings plc is a prominent global financial institution incorporated in England and Wales, with its registered office in London. The company operates within the banking industry, offering a wide range of financial products and services primarily focused on personal, commercial, and investment banking, along with wealth management.
YTD Price Performance: 5.12%
Average Trading Volume: 24,797,196
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £147.5B
Find detailed analytics on HSBA stock on TipRanks’ Stock Analysis page.
