0911 GMT - HSBC Holdings is one of the most mentioned companies in the news over the past six hours, according to Factiva data, after the Asia-focused bank posted first-half earnings. The bank said its net profit more than doubled to nearly $17 billion in the January-June period, thanks to higher interest rates that helped its net interest income to exceed $18 billion. HSBC guided for net interest income to exceed $35 billion for the full year, citing current market consensus for global central bank rates. In addition to the strong profits and a promising outlook, the lender said it would tack on an additional $2 billion in share buybacks to the $2 billion it said it would buy back when it announced first-quarter results. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)

(END) Dow Jones Newswires

August 01, 2023 05:26 ET (09:26 GMT)

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