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Business & Economics

HSBC announces share buyback of up to $3 billion as first-quarter results top expectations

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Summary
Nutrition label

85% Informative

HSBC 's first-quarter results on Tuesday beat estimates on the back of robust performance of its wealth business.

Profit before tax declined 25% on a year-on- year basis, while Revenue fell 15% from last year .

Profit, however, soared nearly 317% from the previous quarter .

The earnings do not reflect the full impact of U.S. President Donald Trump 's tariffs.

VR Score

87

Informative language

88

Neutral language

52

Article tone

formal

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English

Language complexity

59

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not hateful

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short-lived

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