The Hang Seng index drifted upwards on Tuesday after the stronger-than-expected Hong Kong GDP data and HSBC earnings. The index rose slightly by about 35 basis points even as other Chinese indices ...
HSBC says profits triple as it announces share buyback
HSBC announced it had tripled its quarterly profit Tuesday, blowing past expectations as it benefited from high interest rates around the world.
HSBC rewards shareholders with buyback, dividend as profit triples
HSBC Holdings said on Tuesday its profit tripled in the first quarter, beating expectations, as rising interest rates boosted the lender's income and helped it pay a first quarterly dividend since ...
Hong Kong shares edge higher as HSBC earnings beat
Hong Kong stocks were marginally up on Tuesday as HSBC soared after reporting a tripling in quarterly profit, while investors cautiously evaluated China activity data over the holiday weekend. We ...
HSBC Announces $2 Billion Buyback After Profit Beats Estimates
HSBC Holdings Plc will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat ...
HSBC plans $3b share buyback as profits beat estimates
The bank is in the middle of a pivot to Asia while shedding unprofitable businesses in North America and Europe.
HSBC restores quarterly dividend, sets buyback as profit triples
HSBC Holdings reported on Tuesday a better than expected tripling of quarterly profit, as rising interest rates worldwide boosted the lender's income and helped it pay a first quarterly dividend since ...
HSBC posts better-than-expected first-quarter result amid pressure to split
HSBC, the biggest of Hong Kong’s three currency-issuing banks, reported a better-than-expected profit in the first quarter as it seeks to fend off renewed pressure from some shareholders to split up ...
HSBC posts better-than-expected pre-tax profit of US$12.9 billion for first quarter amid pressure to split
HSBC, the biggest of Hong Kong’s three currency-issuing banks, reported a better-than-expected profit in the first quarter as it seeks to fend off renewed pressure from some shareholders to split up ...
HSBC restores quarterly dividend, sets share buyback as profit triples
It saw a 212 per cent increase in first-quarter pre-tax profit as it benefitted from rising interest rates around the world. Read more at straitstimes.com.
HSBC Profit Triples on Higher Rates, Beats Expectations
HSBC Holdings reported a 212% increase in quarterly profit on Tuesday, as it benefitted from rising interest rates around the world. Europe's largest bank posted a pretax profit of $12.9 billion for ...
Higher interest rates help HSBC triple profits and resume quarterly dividends
The UK-based bank says it has put a "provisional gain" of $1.5bn on the acquisition of Silicon Valley Bank UK, for just £1, last month.
HSBC says pre-tax profits rose to US$12.9b in first quarter
Banking giant HSBC said today that its pre-tax profits jumped to US$12.9 billion (RM57.5 billion) in the first quarter of 2023, a US$9 billion increase ...
HSBC pre-tax profits jump to US$12.9bil in Q1
HSBC has also announced a US$2 billion share buyback and its first quarterly dividend since 2019. (AP pic) HONG KONG: Global banking giant HSBC announced Tuesday a US$9-billion jump in pre-tax profits ...