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HSBC Holdings Plc announced a $1 billion share buyback after reporting third-quarter earnings that fell short of market expectations.
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Previous: Infosys, India's second-largest software exporter, was downgraded by at least four institutions after it cut its annual sales forecast.
The company's lowered annual sales forecast intensified market concerns about AI disruption, leading at least four analysts to downgrade its rating in one day.
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Next: HSBC's third-quarter pre-tax profit was in line with expectations, with revenue increasing to $18.6 billion and net interest income growing by 6%. The bank has completed its approximately $1 billion share buyback program.
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