HSBC resumes buyback after big profit jump in first half of 2026
The results came as the bank continues to streamline its business and focus on key markets.
HSBC, the British banking giant, has announced it will resume buying back up to US$1 billion of shares following a significant jump in profits during the first half of 2026. The profit increase was driven by growth in banking net interest income and higher fee and other income, with pre-tax profit rising 27% to US$14.6 billion for the six months to June, up from US$11.5 billion a year earlier. CEO Georges Elhedery stated that the bank is executing its strategic priorities with pace, precision, and discipline.
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