HSBC's third-quarter profit tops estimate, launches $3 bn buyback

Quick Summary:

The result compared with a $7.6 billion mean average of broker estimates compiled by HSBC.

Barclays last week reported earnings that beat estimates, showing early promise in its bid to sustain income even as interest rates fall.

HSBC's new chief, who took the top job last month, has been tasked with controlling costs and running a global lender in a lower-rates environment.

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Article Details

Category: BusinessFinance

Markets: IndiaHong Kong

Topics: Georges elhedry Indian lenders Banks Hsbc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 11:33:24 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23320142

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 297 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

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Publisher ID: #49

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