Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
HSBC Holdings ( (GB:HSBA) ) has issued an announcement.
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated in May 2025. The recent transactions involved purchasing shares from both UK and Hong Kong venues, with a total of 146,318,467 shares repurchased for approximately US$1,704.9 million. This move is part of HSBC’s strategy to optimize its capital structure and potentially enhance shareholder value. The cancellation of shares will adjust the company’s issued ordinary share capital, impacting shareholder calculations and voting rights.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services organization headquartered in London, United Kingdom. It operates in various sectors including retail banking, commercial banking, investment banking, and wealth management. HSBC is one of the world’s largest banking and financial services institutions, with a significant presence in both developed and emerging markets.
For a thorough assessment of HSBA stock, go to TipRanks’ Stock Analysis page.