HSBC announces the re -purchase of $ 3 billion after the profits of the second quarter of a 29 % decrease

The largest lender in Europe HSBC was lost on Wednesday, profit forecasts in the second quarter, most of them due to the weakness fees related to a Chinese bank and the loss of income from the companies that got rid of it in the first half of 2024.

HSBC, whose profits before the tax for a period of three months ended in June, announced $ 6.3 billion – a decrease of 29 % from last year – the re -purchase of $ 3 billion.

Here are the results of HSBC in the second quarter 2025 compared to unanimity estimates The bank collected.

• Profit before taxes: 6.3 billion dollars for 6.99 billion dollars
• profit: 16.5 billion dollars for 16.67 billion dollars

The bank said that operating expenses increased by 10 % compared to the same period last year, and were largely due to restructure and other related costs, as well as from increasing spending and investment in technology.

Hong Kong shares listed in Hong Kong decreased by 2.71 %.

George Ilidri, CEO of HSBC Group, informed “structural challenges” of the global economy that caused uncertainty and the fluctuation of the market, referring to “broad customs tariffs” and “financial weaknesses”.

“This complicates inflation and interest rate expectations, which creates more uncertainty,” Ilidari said.

The bank said it was “in a good position” of uncertainty, including the customs tariff, although its return to concrete stocks-a scale for generating profits-can be done.

“While we expect that the direct impact of the customs tariff will have a relatively modest impact on our revenues, the wider macroeconomic deterioration may see that there are prominent elements that are outside our target in the coming years.”

HSBC warned that the demand for lending will remain silent for the rest of the year, with more growth in the wealth section.

The bank said: “We still expect the average annual growth of a percentage of the two numbers in the fees and other income in the wealth in the medium term.”

HSBC plans to end many employees in the stock team in its office in Germany, as part of a wider effort to expand its investment banking operations outside Asia and the Middle East.

This step is in line with the payment of Elhedry to renew the investment bank. Last OctoberHSBC has announced the restructuring plan to divide its operations into four sections, and create the sectors of “Eastern Markets” and “Western Markets” separate. HSBC said that reorganization will reduce the costs about $ 300 million this year.

In January, the lender announced that it will Close the integration and purchase operations Business and parts of stock operations in Europe and the Americas.

“HSBC) needs to make sure that the contributors to Asia remain on board with the CEO of Georges ELHEDEY, the executive director of the strategic direction, focuses on simplification and reducing intense costs, but without a fundamental reform of the entire business model,” Michael Makadad, chief analyst of Morningstar told CNBC.

He added that the group’s immediate challenge is to find an alternative to the President of the HSBC Mark Taker Group. Taker will take In September this year.