HSBC Stock Rises as Results Top Forecasts, Bank Plans New $3B Buyback

Key Takeaways HSBC Holdings posted better-than-expected results as revenue at its wealth unit surged. The British bank also announced another $3 billion stock buyback after completing the previous one. U.S.-listed shares of HSBC Holdings rose to their highest point since 2018. U.S.-listed shares of HSBC Holdings (HSBC) advanced Tuesday as the British financial firm's third-quarter results beat forecasts and it announced another $3 billion stock buyback. The bank reported earnings per share (EPS) of $0.34, w ...