HSBC Q2 Profit Climbs, Lifts FY23 View; Plans Up To $2 Bln Buyback

Shares of HSBC Holdings plc were gaining in London stock exchange as well as in pre-market activity on the NYSE, after the British banking major reported Tuesday significantly higher profit and revenues in its second quarter. The company also raised its fiscal 2023 profit view. Further, the firm said it intends to initiate an additional share buy-back of up to $2 billion.

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