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HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback

Aaron P | Bauer-Griffin | GC Images | Getty Images

HSBC’s profit after tax came in at $6.26 billion in the three months ended September, a jump of about 235% compared to the $2.66 billion in the same period a year before.

Revenue rose to $7.71 billion in the third quarter, up from $3.23 billion a year ago.

For the nine months ended September, profit after tax stood at $24.33 billion, compared to $11.59 billion in the first nine months of 2022.

HSBC’s Hong Kong-listed shares rose 0.43% after the announcement.

— This is a breaking news story, please check back for updates.

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