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HSBC to spend US$3 billion on stock buy-back as third quarter results beat forecast

By Yahoo! Finance   |   Oct 29, 2024 at 05:40 AM EST
HSBC to spend US$3 billion on stock buy-back as third quarter results beat forecast

HSBC's net profit increased by 9% to US$6.13 billion in the quarter, exceeding expectations. CEO Georges Elhedery highlighted strong revenue growth, particularly in wealth and wholesale transaction banking.

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