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HSBC Stock Rises as Results Top Forecasts, Bank Plans New $3B Buyback
HSBCHSBC HOLDINGS(HSBC) Investopedia·2024-10-29 16:30

Key Takeaways HSBC Holdings posted better-than-expected results as revenue at its wealth unit surged. The British bank also announced another 3billionstockbuybackaftercompletingthepreviousone.U.S.−listedsharesofHSBCHoldingsrosetotheirhighestpointsince2018.U.S.−listedsharesofHSBCHoldings(HSBC)advancedTuesdayastheBritishfinancialfirm′sthird−quarterresultsbeatforecastsanditannouncedanother3 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 ...