HSBC shares are falling after results disappointed. For a global bank, a soft print puts the focus on what is driving the miss and whether it is company-specific or sector-wide. $HSBC

What happened: HSBC reported a 32% rise in quarterly profits as operating expenses fell. Europe's biggest bank also plans a share buyback of up to $1bn. Key numbers: Profits up 32%. Buyback of up to $1bn. Why it matters: The results point to cost cutting lifting earnings at Europe's biggest bank, and the buyback signals capital being returned to shareholders.

HSBC shares dip despite quarterly profits jumping amid cost cuts.

HSBC shares dip despite quarterly profits jumping amid cost cuts. — impact context not separately stored; see What changed.