HSBC Announces $1 Billion Buyback After Profit Growth Misses

HSBC Holdings Plc said it would buy back shares worth $1 billion as it reported third-quarter earnings that fell short of estimates.

By Harry Wilson and Ambereen Choudhury · Bloomberg Markets

HSBC Holdings Plc said it would buy back shares worth $1 billion as it reported third-quarter earnings that fell short of estimates.