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CNBC

HSBC beats expectations in third-quarter earnings; announces additional $3 billion share buyback

CNBC
Summary
Nutrition label

79% Informative

HSBC reported third-quarter pre-tax profit of $ 8.5 , a 10% rise compared to $7.7 billion posted a year ago .

The bank announced a further $3 billion share buyback, bringing the total amount announced this year to $9 billion .

HSBC announced plans to restructure into four business units: Hong Kong , U.K. , international wealth and premier banking.

VR Score

90

Informative language

96

Neutral language

65

Article tone

semi-formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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