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The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc announced the purchase and cancellation of 463,374 ordinary shares from the London Stock Exchange and 832,000 ordinary shares from the Hong Kong Stock Exchange as part of its ongoing share buy-back program. The cumulative repurchase since October totals 211.7 million shares for approximately $1.959 billion, which reduces the company’s share capital and potentially enhances shareholder value by increasing earnings per share.
More about HSBC Holdings
HSBC Holdings plc is a global financial services company, providing a range of banking and financial products and services to individual, business, and institutional clients. It operates in key markets across Europe, Asia, the Middle East, Africa, North America, and Latin America, focusing on facilitating international trade and investment.
YTD Price Performance: 34.04%
Average Trading Volume: 23,838,034
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £138.6B
For an in-depth examination of HSBA stock, go to TipRanks’ Stock Analysis page.
