HSBC resumes buyback after big profit jump in first half
HONG KONG – British banking giant HSBC yesterday said 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... The post HSBC resumes buyback after big profit jump in first half appeared first on New Era .
HONG KONG – British banking giant HSBC yesterday said 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 priorities with pace, precision and discipline,” CEO Georges Elhedery added in a statement. Profit attributable to shareholders rose around 27% to US$14.6 billion in the six months to June, from US$11.5 billion a year earlier.
