HSBC says quarterly profit dips, plans $2B share buyback

HONG KONG (AP) - Global bank HSBC said Friday it's launching its latest multibillion-dollar share buyback, as it released its first quarterly earnings report under its new chief executive, John Flint. The bank said that the buyback of up to $2 billion in ... ( read original story ...)

HSBC Plans $2 Billion Share Buyback as Profit Edges Down

HONG KONG—HSBC Holdings PLC’s first-quarter profit dropped 1.3% from a year ago as it set aside money for potential legal liabilities, including its role in the sale of mortgage-backed securities in 2007. Net profit for the January-March period stood ... ( read original story ...)

HSBC’s Hungry Lions Need Fresh Prey

That pricing advantage means loans made by HSBC will be more competitive, profitable, or both. But with its mortgage and developer loans in Hong Kong growing at 16 percent last year, and advances to customers in mainland China expanding by 22 percent ... ( read original story ...)

HSBC shares slide despite $2bn stock buyback

Traders were not impressed with HSBC’s $2bn share buyback, with the stock dropping as much as 2.7 per cent in Hong Kong on Friday as the bank revealed rising costs in its first quarter. HSBC said on Friday it would initiate the buyback soon — but that ... ( read original story ...)

HSBC Holdings profit drops 1.3%, hit by provisions

HONG KONG--HSBC Holdings' first-quarter profits dropped 1.3% from a year ago as it set aside money for potential legal liabilities including its role in the sale of mortage-backed securities in 2007. Net profit for the January-March period stood at US$3.09 ... ( read original story ...)

HSBC Q1 profit misses estimate, unveils US$2b new share buyback

HONG KONG/LONDON: HSBC Holdings PLC posted on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up to $2 billion. "Given the growth ... ( read original story ...)