HSBC Holdings has announced plans to initiate a share buyback program of up to $3 billion. This initiative is expected to commence shortly after the annual general meeting of shareholders concludes in May 2025 and aims to be completed before the mid-year financial results are released.
The financial report for the first quarter reveals that HSBC's revenue reached $17.65 billion, surpassing the estimated $16.67 billion. Additionally, the bank's pre-tax profit for the same period was $9.48 billion, exceeding the forecasted $7.83 billion. These strong financial results reflect HSBC's robust performance and strategic focus on enhancing shareholder value.
