Business

HSBC shares slump on revenue miss, lender announces share buyback of up to $1 billion

CNBC·Oct 27, 2026 · 3:28 AM CT
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HSBC announced a share buyback of up to $1 billion as third-quarter pretax profit largely met estimates and revenue rose to $18.6 billion from $17.8 billion. Its London shares still fell 6.5% in early trading, on course for their worst session since April 2025, after what Citi called a "mixed set of results."

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