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HSBC shares increased 4% on Tuesday as the British bank beat analysts' earnings expectations for the third quarter and launched another $3 billion share buyback plan.

HSBC shares rose on Tuesday as the bank announced a fresh $3 billion share buyback scheme and posted estimate-topping third-quarter numbers.

Serendipity Capital has appointed Colin Bell, the outgoing head of HSBC Europe, to its board as a non-executive director, the investment firm said on Tuesday.

HSBC Holdings PLC (LSE:HSBA) reported higher profits than forecast for the third quarter and announced a new $3 billion share buyback. Europe's largest lender reported a pre-tax profit of $8.5 billion, up over 6% compared to a year earlier and well ahead of the $7.6 billion consensus estimate.

HSBC, Europe's largest bank, announced a $3 billion share buyback following an impressive third-quarter earnings report that exceeded analyst forecasts. This announcement, alongside a solid revenue increase, emphasizes HSBC's robust financial standing and strategic focus on enhancing shareholder value.

HSBC reported third-quarter pre-tax profit of $8.5, a 10% rise compared to the $7.7 billion posted a year ago. Quarterly revenue grew 5% to $17 billion from the $16.2 billion that was reported a year ago.

HSBC Holdings reported a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as it benefited from slower-than-expected rate cuts while it is embarking on one of the largest overhauls in its history.

NEW YORK--(BUSINESS WIRE)--HSBC US Head of Wealth, Premier and Global Private Banking Racquel Oden was awarded the London Stock Exchange Group Global Executive Leader Award at the 2024 Powerlist Black Excellence Awards. The award recognizes an outstanding leader, based outside the UK, who has demonstrated exceptional vision, innovation, and had a transformative impact on their organization. The...