HSBC Lifts Third-Quarter Pre-Tax Profit 32% to $9.6 Billion and Announces $1 Billion Buyback
HSBC reported a sharp rise in third-quarter profitability on Tuesday, with pre-tax profit climbing 32 percent to $9.6 billion, and simultaneously announced a new share buyback of up to $1 billion. The results, released by Europe’s largest bank by market value, reflected stronger banking net interest income, lower expected credit losses and the absence of … Read more