HSBC Third-Quarter Profit Rises 45% to $7.09 Billion, Plans $1 Billion Buyback
HSBC reported net profit of $7.09 billion for the three months ended Sept. 30, up 45% from a year earlier, and announced a share buyback of up to $1 billion.
By Kosaku NariokaHSBC Holdings reported higher third-quarter net profit and announced a new share buyback of up to $1 billion.The London-based bank said Tuesday that net profit rose 45% from a year earlier to $7.09 billion for the three months ended Sept. 30. That still missed the estimate of $7.24…