HSBC Q3 profit slightly below forecast, launches $1 billion buyback
Briefing by News4U · First published
HSBC reported $9.6 billion third-quarter pre-tax profit, slightly below estimates, and announced a $1 billion share repurchase.
Sina Finance reported that HSBC Holdings posted third-quarter pre-tax profit of $9.6 billion, slightly below the $9.7 billion estimate, and announced a share buyback of up to $1 billion. [1]
The bank is conducting its second consecutive quarter of share repurchases after pausing an earlier program to fund the $14 billion acquisition of Hang Seng Bank. [1]
CEO Georges Elhedery, who took office in September 2024, has overseen business restructuring, job cuts and a renewed focus on Asia; the company’s shares have more than doubled since he assumed the role. [1]
Sources
- 汇丰控股第三季度利润略低于预估 宣布回购不超过10亿美元股份
Sina Finance · · Full text