Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of its ongoing buy-back program. This transaction, involving over 23 million shares and a total consideration of approximately US$264.4 million, is executed across UK and Hong Kong stock exchanges. The buy-back initiative is expected to impact the company’s share capital structure, with implications for shareholder voting rights and market positioning.
More about HSBC Holdings
HSBC Holdings plc is a prominent financial services organization, primarily engaged in banking and financial services. It operates globally with a focus on providing a wide range of financial products and services, including personal, commercial, and investment banking, as well as wealth management services.
YTD Price Performance: 20.04%
Average Trading Volume: 27,006,272
Technical Sentiment Signal: Buy
Current Market Cap: HK$1549.7B
For an in-depth examination of HSBA stock, go to TipRanks’ Stock Analysis page.