BUSINESSFINANCIAL TIMES WORLD
HSBC resumes share buybacks as quarterly profit soars to $10.1bn
HSBC has resumed share buybacks following a surge in quarterly profit to $10.1 billion, driven by growth in its wealth management and insurance businesses in Hong Kong.
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Adjacent reporting
- HSBC sets aside US$1 billion for first share buy-back since October
- Standard Chartered posts 10% rise in first-half profit, launches US$1b buy-back
- Are HSBC shares set for a turnover bump owing to Hong Kong’s board-lot reform?
- Are HSBC shares set for a turnover bump owing to Hong Kong’s board-lot reform?