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HSBC announced a buyback of up to $1 billion, but its stock fell 6.5% after missing estimates
HSBC's $1 billion buyback offset by 6.5% stock drop on missed estimates.
Context
What happened: HSBC reported third-quarter results and announced a buyback of up to $1 billion, but its stock fell 6.5% after the results missed estimates.
Key numbers: Pretax profit rose 32% to $9.6 billion. Buyback of up to $1 billion. Stock fell 6.5%.
Why it matters: The share drop came despite higher profit and the buyback plan, as the results fell short of estimates.
What changed
HSBC reported third-quarter results and announced a buyback of up to $1 billion, but its stock fell 6.5% after the results missed estimates.
Why it matters
The share drop came despite higher profit and the buyback plan, as the results fell short of estimates.
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Oct 27, 2026 11:39 AM ET