HSBC on the Rise After Strong Earnings and a Fresh Share Buyback
Summary: HSBC 's first-half profit surges more than twofold. HSBC announces a new share buyback program worth $2 billion. Market cap reaches $162 billion, with a pre-tax profit of $21.7 billion in the first six months. Investors are excited about the confidence shown through share buyback s. HSBC shares are soaring after reporting strong earnings and announcing a fresh share buyback of up to $2 billion. ...