HSBC plans multibillion share buyback as profits slump in first quarter
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Euronews.com
2 napja
HSBC Holdings Plc announced a $3 billion share repurchase program for H1 2025 alongside a 25% drop in pre-tax profit to $9.5 billion for Q1, despite beating estimates. The bank's performance was bolstered by its Wealth business and Hong Kong operations. CEO Georges Elhedery emphasized financial strength amid economic uncertainty, while the bank restructures to save costs. Economic uncertainties, particularly from US-China trade tensions, are impacting growth forecasts, but HSBC remains optimistic about long-term growth. Teljes cikk (Euronews.com)