The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has announced a share buy-back transaction, purchasing and cancelling over 4 million ordinary shares from Merrill Lynch International on both the London and Hong Kong stock exchanges. This move is part of a broader buy-back program initiated in February 2025, which has seen the company repurchase approximately 121 million shares for around US$1.38 billion. The cancellation of these shares will reduce the company’s issued ordinary share capital, impacting its market positioning and potentially enhancing shareholder value.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services company headquartered in London, United Kingdom. It operates in the financial industry, offering a wide range of services including retail banking, commercial banking, investment banking, and wealth management. HSBC is one of the largest banking and financial services institutions in the world, with a significant presence in both developed and emerging markets.
YTD Price Performance: 12.90%
Average Trading Volume: 27,100,264
Technical Sentiment Signal: Sell
Current Market Cap: £156.5B
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