HSBC just stunned markets with a $1 billion share buyback and a 23% profit surge in H1, hitting $19.5 billion before tax—beating forecasts. Growth came from wealth management and insurance, especially in Hong Kong, despite losses from a Chinese lender investment and restructuring costs. CEO hints at boosting banker bonuses if momentum continues. UK profits jumped 20%, fueling debate over windfall taxes while underscoring HSBC’s vital role in economic growth. Stock dips today can’t dim its year-long outperformance—analysts still see it as a resilient market leader.
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