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The latest update is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc announced the completion of its share buy-back program, purchasing a total of 227,341,968 ordinary shares for cancellation, with a total consideration of approximately US$3 billion. This strategic move is expected to enhance shareholder value and optimize the company’s capital structure, reflecting HSBC’s commitment to returning capital to shareholders.
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, providing a wide range of services including retail banking, commercial banking, investment banking, and wealth management. HSBC has a significant market presence in Asia, Europe, the Americas, and the Middle East.
For a thorough assessment of HSBA stock, go to TipRanks’ Stock Analysis page.