HSBC Pops Higher On Forecast-Beating Q3, New Buyback Programme

Photo by Matt Cardy/Getty ImagesGetty ImagesHSBC shares rose on Tuesday as the bank announced a fresh $3 billion share buyback scheme and posted estimate-topping third-quarter numbers.At 727.4p per share, the FTSE 100 company was last dealing 5.1% higher on the day.HSBC’s net interest income tumbled 17% between July and September, to $7.6 billion, although this still edged broker estimates.The bank said the decline was "due to business disposals, higher interest expense on liabilities and a loss on the earl ...