HSBC Resumes Share Buybacks After Reporting $10.1 Billion Quarterly Profit
HSBC's wealth management and insurance sectors in Hong Kong contribute to a surge in profits, prompting the bank to restart share repurchases.
HSBC has resumed its program of share buybacks following a rise in quarterly profits. The bank reported a net profit of $10.1 billion for the quarter, driven largely by its wealth management and insurance businesses in Hong Kong. This growth helped Europe's largest lender improve its financial performance, enabling the company to return capital to shareholders through share repurchases.
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Financal Times — HSBC resumes share buybacks as quarterly profits soar to $10.1bnTHE QUESTIONS THIS EVENT LEAVES BEHIND
