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HSBC Softens Revenue Blow With $1B Stock Buyback: Stock Tumbles Over 6%

HSBC Softens Revenue Blow With $1B Stock Buyback: Stock Tumbles Over 6%

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HSBC's third-quarter pretax profit rose 32% to $9.6 billion, broadly in line with estimates, but revenue missed expectations as wealth management growth slowed, sending shares down over 6%.

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