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HSBC Beats Earnings Forecast, Raises Cost-Savings Target
HSBC reported a 23 percent increase in first-half profit, exceeding analysts' expectations. The bank also raised its cost-savings target and announced a new 1 billion dollar share buyback programme.
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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.
