tiprankstipranks
Trending News
More News >

HSBC Announces Progress in Share Buy-Back Program

Story Highlights
HSBC Announces Progress in Share Buy-Back Program

Confident Investing Starts Here:

HSBC Holdings ( (GB:HSBA) ) has issued an update.

HSBC Holdings plc has announced a share buy-back transaction, purchasing 4,307,607 ordinary shares on UK venues and 1,904,000 shares on the Hong Kong Stock Exchange. This buy-back is part of a previously announced plan, and since its commencement, HSBC has repurchased a total of 173,703,607 shares for approximately US$2,027.2 million. The cancellation of shares will adjust the company’s issued ordinary share capital, impacting voting rights and shareholder notifications.

More about HSBC Holdings

HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It offers a wide range of financial products and services, including personal, commercial, and investment banking, as well as wealth management. HSBC has a significant market presence across various regions, including Europe, Asia, and the Americas.

For detailed information about HSBA stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1