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 in February 2025. This move, involving transactions on both the London and Hong Kong stock exchanges, is part of HSBC’s strategy to optimize its capital structure and potentially enhance shareholder value. The company has repurchased a total of 139,503,496 ordinary shares for approximately US$1,589.3 million, reflecting its commitment to returning capital to shareholders.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It operates in various markets worldwide, offering a wide range of financial products and services including personal, commercial, and investment banking, as well as wealth management services.
YTD Price Performance: 11.28%
Average Trading Volume: 27,747,019
Technical Sentiment Signal: Sell
Current Market Cap: £155.1B
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