HSBC resumes $1bn buyback as profits soar by 23%

HSBC has announced a $1billion share buyback scheme after first-half profits jumped by 23 per cent.

HONG KONG/LONDON, Aug 4 : HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows.Europe's largest bank posted a pretax profit of $19.5 billion for the first six months of this

The bank said the growth was driven by higher net interest income and increased fee income

HSBC resumes $1bn share buyback after profits jump  The Times

HSBC has resumed its share buyback programme after profit soared past expectations in the second quarter of 2026. The FTSE 100 bank – whose market cap of £274bn makes it the London Stock Exchange’s most valuable company – posted $10.1bn (£7.5bn) in pre-tax profit for the last three months, surging past an internal fore

HSBC restarts buybacks after rates and wealth boost H1 profit  Reuters

Europe’s largest lender boosted by wealth management and insurance business in Hong Kong