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Story summary
- HSBC announced a US$1 billion share buy-back after reporting Q3 pre-tax profit of US$9.6 billion.
- HSBC shares fell about 5 percent to HK$135.20 following the announcement.
- HSBC booked US$800 million credit-impairment charges in Q3, 17 percent lower year-on-year.
- HSBC reported US$1.9 billion cost savings to September, meeting its US$1.5 billion target six months early.
- HSBC kept its quarterly dividend at 10 US cents per share.