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[BUSINESS] · United Kingdom, Hong Kong SAR China · 24 sources

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Part of situation: Global banking sector third-quarter earnings (2 clusters)

HSBC reports 32% jump in third-quarter pre-tax profits

HSBC third-quarter earnings pre-tax profit share buyback wealth management

HSBC Holdings reported a 32% increase in third-quarter pre-tax profits, reaching $9.6 billion. The growth was driven by higher interest income, a reduction in expected credit losses, and the absence of significant litigation provisions that had impacted the previous year's results.

Despite the profit surge, the bank's revenue of $18.6 billion fell short of analyst expectations, which had projected closer to $19 billion. The wealth management division also saw a slowdown, with revenue stagnating at $2.7 billion compared to double-digit growth in previous quarters.

In response to the results, HSBC approved an interim dividend of 10 cents per share and announced a new share buyback program of up to $1 billion. Following the announcement, HSBC shares experienced a decline, falling over 5% on the Hong Kong stock exchange as investors reacted to the revenue miss and cautious outlook.

Entities

Crediabank · George Elhedery · Georges Elhedery · HSBC Holdings · Hang Seng Bank · Hong Kong Stock Exchange · London · Pam Kaur

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Cea mai mare bancă britanică își majorează profitul cu 38%: HSBC pregătește noi răscumpărări de un miliard de dolari [financialmarket.ro]
滙控周二放榜 券商料多賺33%及維持派息 關注淨利息收入指引 [www.stheadline.com]
Despite Missing Projections, HSBC Reports That Net Profit Increased In The Third Quarter [businessmagazineuae.com]
Ευρώπη: Πιέσεις στα χρηματιστήρια παρά την άνοδο κερδών HSBC [www.sbctv.gr]
HSBC profit jumps on higher rates, lower costs [www.sinodaily.com]
Receita do HSBC no 3º tri fica abaixo das estimativas; ações caem | CNN Brasil [www.cnnbrasil.com.br]
HSBC: Άλμα 32% στα κέρδη του γ΄ τριμήνου, αλλά κάτω από τις προβλέψεις – Νέο buyback $1 δισ. [economytoday.sigmalive.com]
HSBC increases profit by 32 percent — share price falls sharply [www.finews.com]
HSBC: Αύξηση 32% στα κέρδη τριμήνου και νέο πρόγραμμα επαναγοράς μετοχών 1 δισ. δολαρίων [www.insider.gr]
HSBC: Starker Gewinnanstieg kann Anleger nicht überzeugen – Aktie fällt trotz Rückkäufen [www.it-boltwise.de]
Акциите на HSBC поевтиняха със 7% във вторник, след като [novini247.com]
FTSE 100 falls 81 points as HSBC, BP and Reckitt slide [www.share-talk.com]
Lucro do HSBC sobe 32%, mas receita frustra e ação recua 6% [www.spacemoney.com.br]
FTSE 100 under pressure as HSBC and Reckitt weigh [ukinvestormagazine.co.uk]
FTSE 100 schließt nach HSBC-Verlust 0,8 Prozent tiefer [www.ad-hoc-news.de]
Κέρδη στις ευρωαγορές με εξαίρεση τον βρετανικό FTSE 100 λόγω HSBC [www.capital.gr]
Cât poate rămâne din cei 0,10 dolari plătiți de HSBC pentru fiecare acțiune? După impozitul de 16%, aproximativ 0,084 dolari [financiarul.ro]
HSBC shares slide almost 7% as revenue misses and wealth stalls despite 32% profit jump [investinglive.com]
Ευρωαγορές: Κέρδη με στήριξη από την τεχνολογία – Στο «κόκκινο» το Λονδίνο [www.mononews.gr]
HSBC: Άλμα 32% στα κέρδη του γ΄ τριμήνου, αλλά κάτω από τις προβλέψεις – Νέο buyback $1 δισ. | Ειδήσεις για την Οικονομία [www.newmoney.gr]
HSBC: Επαναγορά μετοχών έως 1 δισ. δολ. μετά τα κέρδη του γ΄ τριμήνου [www.sofokleousin.gr]
HSBC enttäuscht die Anleger [www.faz.net]
HSBC Profits Soar 32% as It Hands $2.7B to Shareholders and Fuels Calls for Tougher UK Bank Tax [www.ibtimes.co.uk]
Poor trading day for FTSE as markets await Wednesday’s Budget [www.standard.co.uk]