HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings PLC announced the cancellation of 18,027,600 ordinary shares, which were previously repurchased on the Hong Kong Stock Exchange. This action reduces the total number of ordinary shares in issue to 17,655,082,392, which is now the total number of voting rights. This update is significant for shareholders as it affects the calculation of their interest in the company under regulatory guidelines.
Spark’s Take on GB:HSBA Stock
According to Spark, TipRanks’ AI Analyst, GB:HSBA is a Outperform.
HSBC’s strong financial performance, attractive valuation, and strategic corporate actions position it well within the banking sector. While technical indicators suggest potential caution, the overall outlook remains positive, supported by robust earnings and shareholder returns.
To see Spark’s full report on GB:HSBA stock, click here.
More about HSBC Holdings
HSBC Holdings PLC is a leading global financial services company, primarily engaged in banking and financial services. It operates across various markets, focusing on providing a wide range of financial products and services to a diverse client base.
Average Trading Volume: 31,695,515
Technical Sentiment Signal: Buy
Current Market Cap: £149.4B
Find detailed analytics on HSBA stock on TipRanks’ Stock Analysis page.