HSBC says profits triple as it announces share buyback | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

HSBC announced it had tripled its quarterly profit, blowing past expectations as it benefited from high interest rates around the world.

Europe’s biggest bank recorded a whopping $12.9 billion in pre-tax profit for the quarter ended March. That was up 207% from a year earlier, and significantly higher than the $8.6 billion average predicted by a poll of 17 analysts compiled by

said Tuesday it would buy back up to $2 billion in shares, and roll out a quarterly dividend of 10 cents per share. paid just £1 for the acquisition, which effectively rescued the smaller bank. disclosed last month that its buyer, a member of a French banking group, had asked to change the terms of the deal due to the costs of rising interest rates. As of last month, the parties were still in talks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dallas Retailer Tuesday Morning is Going Out of Business; Liquidation Sales Coming SoonThe Dallas-based retailer has closed 265 stores since February, and the remaining 200 will start liquidation sales soon. Included are 59 stores in Texas.
Source: NBCDFW - 🏆 288. / 63 Read more »

Tuesday Morning Is Going Out of Business and Closing All StoresDiscount retailer Tuesday Morning is officially going out of business and closing all 200 of its remaining stores.
Source: BestLifeOnline - 🏆 533. / 51 Read more »

Dallas retailer Tuesday Morning holding huge going out of business saleOver the weekend, the home decor store announced it is closing all of its stores after 49 years in business.
Source: FOX4 - 🏆 289. / 63 Read more »

Texas-based Tuesday Morning going out of business, holding liquidation salesAnother home goods retailer is winding down operations after filing for bankruptcy — twice — and selling to a liquidation company. Dallas-based Tuesday Morning is going out of business following years of low sales and downsizing. It is closing its headquarters in North Dallas and all stores, including eight in the San Antonio area.
Source: ksatnews - 🏆 442. / 53 Read more »