عربــى

EGX 30 14,220.47 -0.57%



HSBC first-half profit rises 16%, announces $1B buyback

HSBC first-half profit rises 16%, announces $1B buyback

HSBC (HSBA.L) reported on Monday its first-half pretax profit rose 15.9% and announced a further buyback of $1 billion, defying some analysts’ expectations it might pause its strategy of returning extra capital to investors.

Europe’s biggest bank by assets reported a pretax profit for the first six months of $12.41 billion, up from $10.71 billion in the same period a year earlier.Source: Reuters

#Related keywords

All rights reserved to Arab Finance 2015 ©

Back to top