Hong Kong, Aug 4, 2026 (AFP) - HSBC resumes buyback after big profit jump in first half

NAMPA / AFP

2026-08-04

British Banking giant HSBC said Tuesday it would buy back up to US$1 billion of shares after a big jump in profits in the first half of 2026. The profits increase came on the back of "growth in banking net interest income and higher fee and other income", the lender said in its earnings report, adding that the profit in banking increased by US$1.4 billion. "HSBC is becoming the stronger bank we set out to build. We are executing our strategic pri......

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