19 Feb 2025 | 06:51
HSBC posts better-than-expected Q4 profit, plans $2bn of share buybacks
(Sharecast News) - HSBC Holdings fourth quarter profits exceeded analysts' estimates and the lender announced that it was planning to start a share buyback programme of as much as $2.0bn.
The lender's profit hit $197m over the three months ending in December. That compared to a $153m loss one year before (Visible Alpha: $27.9m).
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