Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
HSBC Holdings ( (GB:HSBA) ) just unveiled an announcement.
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 6 May 2025. The company purchased over 9 million shares across UK and Hong Kong exchanges, with a total buy-back of over 107 million shares amounting to approximately US$1.24 billion. This move is expected to impact the company’s share capital and voting rights, with further announcements pending the cancellation of shares repurchased in Hong Kong.
More about HSBC Holdings
HSBC Holdings plc is a global 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 and insurance services. HSBC operates in multiple markets worldwide, focusing on providing financial solutions to individuals, businesses, and institutions.
See more insights into HSBA stock on TipRanks’ Stock Analysis page.