Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has announced a buy-back of its ordinary shares, purchasing 2.1 million shares on the Hong Kong Stock Exchange as part of its ongoing buy-back program initiated in October 2024. This move reflects HSBC’s strategy to optimize its capital structure and return value to shareholders, with the company having repurchased nearly 293 million shares so far, amounting to approximately $2.756 billion. The cancellation process for shares bought on the Hong Kong Stock Exchange takes longer, and HSBC plans to update its total voting rights after cancellation.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company based in London, United Kingdom. It operates in the banking and financial services industry, offering a wide range of services including personal, commercial, and investment banking. HSBC is focused on international financial markets, with a significant presence in Asia, particularly in Hong Kong, which is reflected in its stock exchange listings.
YTD Price Performance: 4.16%
Average Trading Volume: 24,771,470
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £146.1B
For detailed information about HSBA stock, go to TipRanks’ Stock Analysis page.
