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Business & Economics

HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%

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Summary
Nutrition label

87% Informative

Europe 's largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion .

For the full year , HSBC reported revenue of $65.85 billion , down from $66.1 billion in 2023 .

The bank's profit before tax for the fourth quarter nearly doubled from a year earlier to $2.3 billion .

VR Score

94

Informative language

97

Neutral language

92

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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