HSBC: H1 earnings up 18%

(CercleFinance.com) - The HSBC share is down 0.
8% in early trading in London on Monday, after the banking giant published net profit that is up 18.1% at 9.9 billion dollars for the first six months of 2019, meaning EPS of 42 cents.

Adjusted profit before tax rose by 6.8% to 12.5 billion dollars, for adjusted revenues that are up 8%, supported by its retail banking-wealth management and capital markets businesses.

Announcing a 30-bp improvement in its CET1 solvency ratio to 14.3% over six months, at the end of June, HSBC soon intends to initiate a share buyback program of up to one billion dollars.


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