HSBC reports 32% increase in third quarter pre-tax profits, announces US$1b share buy-back
Americas2 sources2 countries🔦 Under-reported58m ago
Hong Kong’s biggest lender, HSBC, reported a 32 percent increase in third-quarter pre-tax profits, reaching US$9.6 billion. The financial results aligned closely with analyst expectations, which had estimated a profit of US$9.7 billion.
Alongside the earnings report on Tuesday, the banking institution announced a share buy-back program of up to US$1 billion.
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South China Morning Post (HK)Detailed local context highlighting HSBC as Hong Kong's biggest lender and profit estimates
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