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Reuters

HSBC resumes share buybacks with up to $1 billion plan after H1 pretax profit rises 23% to $19.5 billion

AI Market Summary
HSBC reported H1 pretax profit of $19.5bn (+23% y/y), beating expectations, raised FY net interest income guidance to above $46bn, and reinstated up to $1bn in share buybacks while maintaining dividends. Strength was driven by Asia-focused wealth and cross-border banking amid a still-supportive rate backdrop. The smaller-than-expected buyback may temper immediate enthusiasm but signals continued capital return capacity.
Impact level
● Medium
Affected assets
NCSKHSBC2USD/USDT+0.61%
AI Insight · NCSKHSBC2USD/USDTAI Insight
▲ Bullish
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HSBC reported a first-half pretax profit of $19.5 billion, up 23% year-on-year, beating market expectations. The bank raised its full-year net interest income outlook to above $46 billion. It also restarted share repurchases with a plan of up to $1 billion and declared a second interim dividend of $0.1 per share.
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