HSBC Holdings ( (GB:HSBA) ) has issued an announcement.
HSBC Holdings plc has concluded its share buy-back program, purchasing a total of 179,588,599 ordinary shares for cancellation, with a total expenditure of approximately US$2 billion. This strategic move, involving transactions on both the UK and Hong Kong stock exchanges, is part of HSBC’s efforts to optimize its capital structure and enhance shareholder value.
More about HSBC Holdings
HSBC Holdings plc is a major global financial services company, headquartered in London, United Kingdom. It is incorporated in England and Wales and is known for offering a wide range of banking and financial services. The company is listed on multiple stock exchanges, including the Hong Kong Stock Exchange, and focuses on providing services such as retail banking, wealth management, and commercial banking.
YTD Price Performance: 6.20%
Average Trading Volume: 30,401,523
Technical Sentiment Signal: Sell
Current Market Cap: £147.4B
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