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HSBC Third-Quarter Earnings Fall Short of Estimates as Bank Announces $1 Billion Buyback

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Summary

HSBC reported third-quarter earnings that fell short of estimates, and its shares fell in Hong Kong, according to Bloomberg. The bank kept its outlook for the rest of the year unchanged and announced a $1 billion share buyback. Bloomberg Intelligence analyst Phil Richards broke down the numbers in a video report. A Bloomberg newsletter headline describes a profit jump and the buyback as falling short of investors' hopes.

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that HSBC fell in Hong Kong after third-quarter earnings fell short of estimates, while the bank kept its full-year outlook unchanged and announced a $1 billion share buyback.

  2. Bloomberg

    Source ↗

    Bloomberg's newsletter headline says HSBC's earnings profit jump and $1 billion buyback fell short of investors' hopes.

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