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 purchased 143,846 shares on UK venues and 1,174,400 shares on the Hong Kong Stock Exchange, with a total buy-back of 168,333,163 shares amounting to approximately US$1,876.9 million. This move is expected to impact the company’s share capital and could influence shareholder value and market positioning.
More about HSBC Holdings
HSBC Holdings plc is a multinational financial services company headquartered in London, United Kingdom. It operates in the banking and financial services industry, offering a wide range of products and services including retail banking, commercial banking, investment banking, and wealth management. HSBC has a significant market presence in Europe, Asia, the Americas, the Middle East, and Africa.
YTD Price Performance: -1.83%
Average Trading Volume: 29,640,504
Technical Sentiment Signal: Sell
Current Market Cap: £136.3B
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