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 Mason Baxter: HSBC Profit Exceeds Forecasts- Mason Baxter: HSBC Profit Exceeds Forecasts
- August 23, 2017
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Mason Baxter: HSBC to spend $2 billion on share buybacks this year.
Mason Baxter: With the departure of CEO Stuart Gulliver who increased revenue and cut expenses, HSBC Holdings Plc has unveiled Q2 profits that have exceeded analysts’ forecasts. The lender has since stated that it will spend in the region of 2 billion dollars acquiring its own stock.
In a recent filing, Europe’s biggest lender stated that its adjusted pretax profit had risen by 13% from a year prior. Profit at its top three units increased and the bank’s stock increased by 2.9% in Hong Kong ...
- View more at: https://www.1888pressrelease.com/mason-baxter-hsbc-profit-exceeds-forecasts-pr-619964.html
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