US EditionHSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations
GREATER LONDON, ENGLAND, JUL 30 – HSBC missed profit expectations due to impairment charges and higher expenses from restructuring and tech investments, while planning a $3 billion share buyback, the bank said.
- HSBC reported a 29 per cent drop in second-quarter pre-tax profit to $6.3 billion, missing analyst expectations, and announced a $3 billion share buyback on July 30, 2025.
- The profit decline followed impairment charges exceeding $5 billion on its Bank of Communications stake and increased expected credit losses tied to China’s weakening property market.
- HSBC’s first half of 2025 results also included higher technology investments, ongoing restructuring to cut costs by $300 million, and plans to reduce investment banking staff outside Asia.
- CEO Georges Elhedery said, “trade disruptions are reshaping the economic landscape” and the group is “well-positioned to manage changes and uncertainties” including tariffs and market volatility.
- HSBC expects muted lending demand for 2025 and faces risks from Hong Kong’s sluggish property market, suggesting continued financial challenges despite revenue growth across its four business units.
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