EconomicChina·27 Oct 2026
HSBC shares fall 5 percent despite third-quarter profit growth
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HSBC shares fell 5 percent on Tuesday despite the bank reporting a 32 percent increase in third-quarter pre-tax profits to US$9.6 billion. The lender announced a new US$1 billion share buy-back program, which aligned with analyst expectations, and maintained a quarterly dividend of 10 US cents per share. Although the profit growth matched the US$9.7 billion…
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