HSBC Advances Share Buy-Back Strategy with Latest Repurchase

Tip Ranks
2025.01.12 23:38
portai
I'm PortAI, I can summarize articles.

HSBC Holdings plc has announced a significant share repurchase as part of its ongoing buy-back program, purchasing over 3.3 million shares in the UK and 337,200 shares in Hong Kong on January 10, 2025. This buy-back, totaling approximately $2.3 billion since October 2024, aims to enhance shareholder value and optimize capital structure. HSBC is a multinational banking and financial services company based in London, with a current market cap of £143.1B and a year-to-date price performance of 1.76%.

Stay Ahead of the Market:

  • Discover outperforming stocks and invest smarter with Top Smart Score Stocks
  • Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener

HSBC Holdings ( (GB:HSBA) ) has shared an announcement.

HSBC Holdings plc has announced the repurchase of a significant number of its ordinary shares as part of its ongoing buy-back program. On January 10, 2025, the company purchased over 3.3 million shares on UK venues and 337,200 shares on the Hong Kong Stock Exchange, amounting to a considerable reduction in outstanding share capital. This buy-back, totaling approximately $2.3 billion since its announcement in October 2024, reflects HSBC’s strategy to enhance shareholder value and optimize capital structure.

More about HSBC Holdings

HSBC Holdings plc is a multinational banking and financial services company based in London, United Kingdom. It offers a wide range of financial products and services to customers worldwide, focusing on commercial banking, global banking, and markets, wealth and personal banking, and global private banking.

YTD Price Performance: 1.76%

Average Trading Volume: 23,859,888

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £143.1B

For detailed information about HSBA stock, go to TipRanks’ Stock Analysis page.

Trending Articles:

  • ‘Don’t Go Bargain Hunting,’ Says Top Investor About AMD Stock
  • M&A News: “Regulatory Purgatory” Likely for Paramount (NASDAQ:PARA) Merger
  • Ford (NYSE:F) Packs Up for California to Fight Wildfires
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.