HSBC said it will repurchase up to $2 billion in shares, expected to be completed by the end of their first quarter of 2025. These are the lender's first full-year results with Ge

HSBC reported a 6.6% rise in annual profit on Wednesday, beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs.

HSBC reported a 6.6 per cent rise in annual profit on Wednesday (Feb 19), beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs.

Hong Kong’s biggest bank announces US$2 billion share buy-back programme and US$0.87 per share dividend for 2024.

The London-based bank reported profit before tax for 2024 of $32.3 billion. That compared with $30.3 billion a year earlier and the $31.7 billion average of analyst estimates compiled by the bank. The Asia-focused bank also announced a new $2 billion share buyback which it plans to complete before next earnings in May.

Europe's largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates. For the full year, HSBC reported revenue of $65.85 billion, down from $66.