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.
HSBC Holdings ( (GB:HSBA) ) has issued an update.
HSBC Holdings plc has announced a share buy-back transaction involving the purchase and cancellation of 2.3 million of its ordinary shares from Morgan Stanley on the Hong Kong Stock Exchange as part of a buy-back program initiated in October 2024. This move, resulting in the repurchase of a total of 295 million shares for about US$2.78 billion, aims to optimize the company’s capital structure and potentially enhance shareholder value. The repurchase’s impact on the company’s stock value and market position will be closely monitored by stakeholders.
More about HSBC Holdings
HSBC Holdings plc is a prominent global financial institution headquartered in London, United Kingdom. It operates in the banking and financial services industry, offering a range of services including retail and commercial banking, wealth management, and global banking and markets. HSBC is listed on various stock exchanges and focuses on maintaining a strong market presence worldwide.
YTD Price Performance: 4.16%
Average Trading Volume: 24,771,470
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £146.1B
Learn more about HSBA stock on TipRanks’ Stock Analysis page.
