HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings plc announced a significant buy-back of its ordinary shares, purchasing a total of 3,532,345 shares on 2 April 2025 across UK and Hong Kong venues. This move is part of a larger buy-back program initiated on 20 February 2025, through which the company has repurchased over 143 million shares for approximately US$1.63 billion. The buy-back is expected to enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share. The cancellation of shares repurchased on the UK venues has been completed, while those on the Hong Kong Stock Exchange are pending, with further announcements to follow.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company headquartered 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, as well as wealth management. HSBC has a significant market presence in Asia, Europe, and the Americas.
YTD Price Performance: 11.70%
Average Trading Volume: 27,651,957
Technical Sentiment Signal: Sell
Current Market Cap: £155.1B
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