HSBC share price: Is the $1 billion buyback enough to drive a rally?
HSBC’s share price has been in a steep sell-off over the past few months, mirroring the weakness across other European banks. After peaking at 1,608p in August, the stock has fallen to 1,365p, wiping out billions of pounds in market value. With earnings approaching, the question is whether the slide will continue or the shares will rebound. HSBC announces new share buyback as growth continues HSBC stock will be in the spotlight after the company published relatively strong financial results. Its revenue rose to $18.6 billion in the third quarter, up...