HSBC's quarter: adjusted profit, a dividend and another buyback plan
$10 billion in pre-tax profit, excluding notable items, accompanied HSBC’s quarterly dividend of 10 US cents. A buyback of up to $1 billion was planned.
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What happened
HSBC reported third-quarter profit before tax of $10 billion and revenue of $18.7 billion, excluding notable items. The bank approved an interim dividend of 10 US cents per share.
It said it intended to start a further buyback of up to $1 billion and retained its financial targets. These figures are the company’s reported results; the buyback is an announced intention.
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