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HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings plc announced it has executed a share buy-back program, purchasing and cancelling a total of 6,586,468 ordinary shares from Morgan Stanley & Co. International plc. This move is part of a larger buy-back initiative announced in October 2024, aimed at reducing the company’s share capital and potentially enhancing shareholder value. Since the commencement of the buy-back, HSBC has repurchased 229,676,825 shares, indicating a considerable investment in its own equity. This action reflects HSBC’s strategic efforts to strengthen its market position and deliver returns to shareholders.
More about HSBC Holdings
HSBC Holdings plc is a prominent global bank headquartered in London, United Kingdom, operating within the financial services industry. The company offers a wide range of banking and financial services, focusing primarily on global commercial banking, wealth and personal banking, and global banking and markets.
YTD Price Performance: -0.38%
Average Trading Volume: 23,070,281
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £140.3B
For detailed information about HSBA stock, go to TipRanks’ Stock Analysis page.
