EconomyHSBC CEO Says Bank Is Seeing AI Benefits as Earnings Beat Estimates

Name: HSBC CEO Says Bank Is Seeing AI Benefits as Earnings Beat Estimates
Uploaded: 2026-08-04T07:02:48.000Z
Description: HSBC has announced a fresh share buyback worth up to $1 billion. The move follows second-quarter earnings that exceeded estimates. Pretax profit reached $10.1 billion in the three months through June. CEO Georges Elhedery said the bank is seeing notable benefits from artificial intelligence.

HSBC has announced a fresh share buyback worth up to $1 billion. The move follows second-quarter earnings that exceeded estimates. Pretax profit reached $10.1 billion in the three months through June. CEO Georges Elhedery said the bank is seeing notable benefits from artificial intelligence.

Bloomberg Television 2026-08-04 07:02