HSBC Holdings ( (GB:HSBA) ) just unveiled an announcement.
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 purchased approximately 2.97 million shares on UK venues and 2.94 million shares on the Hong Kong Stock Exchange, with a total buy-back of over 32 million shares amounting to approximately US$364.2 million. This strategic move is expected to optimize the company’s capital structure and potentially enhance shareholder value, reflecting HSBC’s commitment to returning capital to its shareholders.
More about HSBC Holdings
HSBC Holdings plc is a prominent global banking and financial services organization, headquartered in London, United Kingdom. The company offers a wide range of services including personal, commercial, and investment banking, wealth management, and insurance. HSBC has a significant presence in both developed and emerging markets, focusing on connecting customers to opportunities and enabling businesses to thrive.
YTD Price Performance: 18.88%
Average Trading Volume: 24,425,703
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £166.3B
See more data about HSBA stock on TipRanks’ Stock Analysis page.