HSBC Holdings ( (GB:HSBA) ) has provided 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 in February 2025. The transactions were conducted on both the London and Hong Kong stock exchanges, with a total of 167,014,917 shares repurchased for approximately US$1,863.6 million. This strategic move aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
More about HSBC Holdings
HSBC Holdings plc is a major global banking and financial services organization headquartered in London, United Kingdom. It operates in the financial industry, offering a wide range of services including retail banking, wealth management, commercial banking, and global banking and markets. HSBC has a significant presence in both the UK and Hong Kong markets, reflecting its focus on international finance and investment services.
YTD Price Performance: -5.32%
Average Trading Volume: 29,719,693
Technical Sentiment Signal: Sell
Current Market Cap: £131.4B
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