Business · Companies · 2 hrs ago
HSBC Announces $1 Billion Buyback After Earnings Miss Estimates
HSBC said it will buy back $1 billion in shares after reporting its third-quarter results.
The bank’s earnings fell short of estimates, though no figures were given.
A share buyback is when a company uses money to repurchase its own shares.
HSBC is a global banking group, and the announcement concerns its latest quarterly performance.
The buyback is a way for the bank to return money to shareholders.
The announcement followed a weaker-than-expected quarter, but no further details on the earnings or the buyback timetable were provided.
HSBC announced a US$1 billion share buy-back as it reported third-quarter results.
The bank reported pre-tax profit of US$9.6 billion, up 32 per cent from a year earlier.
Bloomberg said the earnings fell short of estimates, while SCMP reported they were in line with analysts’ predictions.
SCMP reported analysts had estimated profit of US$9.7 billion.
The buy-back amount was in line with analysts’ estimates, according to SCMP.
- Who
- HSBC Holdings Plc, also known as HSBC.
- What
- It announced a US$1 billion share buy-back while reporting third-quarter earnings.
- When
- Tuesday, October 27, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Buy-back
- US$1 billion
- Third-quarter pre-tax profit
- US$9.6 billion
- Year-on-year profit increase
- 32 per cent
- Analysts’ profit estimate
- US$9.7 billion