{"id":97366,"date":"2026-08-04T18:42:44","date_gmt":"2026-08-04T18:42:44","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/97366\/"},"modified":"2026-08-04T18:42:44","modified_gmt":"2026-08-04T18:42:44","slug":"hsbc-resumes-buyback-after-big-profit-jump-in-first-half-of-2026","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/97366\/","title":{"rendered":"HSBC resumes buyback after big profit jump in first half of 2026"},"content":{"rendered":"

British Banking giant HSBC said Tuesday it would buy back up to US$1 billion of shares after a big jump in profits in the first half of 2026.<\/p>\n

\"TheThe HSBC building in Central on June 6, 2023. Photo: Lea Mok\/HKFP.<\/p>\n

The jump in profits was due to \u201cgrowth in banking net interest income and higher fee and other income\u201d, HSBC said in its earnings report, adding that the profit in banking increased by US$1.4 billion.<\/p>\n

\u201cHSBC is becoming the stronger bank we set out to build. We are executing our strategic priorities with pace, precision and discipline,\u201d CEO Georges Elhedery added in a statement.<\/p>\n

Profit attributable to shareholders rose around 27 percent to US$14.6 billion in the six months to June, up from US$11.5 billion a year earlier.<\/p>\n

Pre-tax profit increased 23 percent on-year to US$19.5 billion.<\/p>\n

In a sign of confidence, HSBC said it would proceed with a share buy-back of up to US$1 billion, with its board having approved a second interim dividend of US$0.10 per share.<\/p>\n

\u201cWe also intend to initiate a share buy-back of up to $1 billion, which we expect to complete by our third quarter 2026 results announcement,\u201d it said in the filing.<\/p>\n

\"HongHong Kong\u2019s Central district. Photo: GovHK. <\/p>\n

The bank said it was resuming repurchases after it paused them following its move to take full ownership of Hang Seng Bank.<\/p>\n

However, good news was partly offset by expected credit losses of US$2.4 billion \u2014 US$400 million higher than the first half of 2025.<\/p>\n

The bank said it lost US$400 million in a fraud case involving a British financial sponsor, and US$200 million in Hong Kong\u2019s commercial property sector.<\/p>\n

In recent weeks, HSBC has announced a series of deals to sell off business units, as under Elhedery, the lender has been carrying out a global restructuring to focus on its core markets.<\/p>\n

HSBC\u2019s share price has broken through its all-time high this month, with shares in Hong Kong trading above HK$160 each.<\/p>\n

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Dateline:<\/p>\n

Hong Kong,\u00a0China<\/p>\n

Type of Story: News Service<\/p>\n

Produced externally by an organization we trust to adhere to high journalistic standards.<\/p>\n","protected":false},"excerpt":{"rendered":"British Banking giant HSBC said Tuesday it would buy back up to US$1 billion of shares after a…\n","protected":false},"author":2,"featured_media":97367,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[3462,9881],"class_list":["post-97366","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-afp","tag-hsbc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117038713745036631","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/97366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=97366"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/97366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/97367"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=97366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=97366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=97366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}