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Global Market: HSBC H1 profit jumps 23%, beats estimates on strong wealth, interest income
HSBC Holdings reported a stronger-than-expected 23% rise in first-half pretax profit, driven by higher net interest income and robust growth in wealth management. The banking giant also announced a $1 billion share buyback and declared a second interim dividend of $0.10 per share, underscoring its focus on rewarding shareholders.
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scmp.com
Developing | HSBC sets aside US$1 billion for first share buy-back since October
The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, beating analysts’ estimate of US$9.5 billion.
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Breaking | HSBC sets aside US$1 billion for first share buy-back since October
The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, beating analysts’ estimate of US$9.5 billion.
