HSBC Holdings (HSBA.L), opens new tab announced a $3 billion share buyback and upgraded its income outlook on Wednesday, as the bank showed progress in its efforts to shield its business from global interest rate cuts that may hit lending revenue.
The lender’s shares rose 4% in London as investors cheered its stable first-half profit growth, gains in wealth management income and narrowing losses in Chinese real estate.
Source: REUTER
