HSBC Holdings ( (GB:HSBA) ) has issued an update.
HSBC Holdings plc announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 20 February 2025. The company has repurchased over 125 million shares, amounting to approximately US$1.423 billion, with transactions occurring on both the London and Hong Kong stock exchanges. This move is part of HSBC’s strategy to optimize its capital structure and enhance shareholder value by reducing the number of shares in circulation.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It offers a wide range of financial products and services, including personal, commercial, and investment banking, wealth management, and insurance. HSBC operates in various markets worldwide, focusing on both established and emerging markets.
YTD Price Performance: 13.26%
Average Trading Volume: 27,341,554
Technical Sentiment Signal: Sell
Current Market Cap: £157.9B
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