The London-listed lender also said it would do another $3 billion of share buybacks, taking the total to $7 billion, which ought to be good news for investors, though the profits were shy of expectations.
Those shareholders include Ping An of China, which has been pushing for a break-up of the giant bank. Other investors and bank management led by CEO Noel Quinn have pushed back against that idea.
Quinn said today: “We have had three consecutive quarters of strong financial performance and are on track to achieve our mid-teens return on tangible equity target for 2023. There was good broad-based growth across all businesses and geographies, supported by the interest rate environment.”
Denne historien er fra October 30, 2023-utgaven av Evening Standard.
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Denne historien er fra October 30, 2023-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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