HSBC quarterly profits jump as cost cuts bite, but shares slip on flat wealth revenue
HSBC reported a sharp rise in third-quarter profit, helped by cost cuts, and announced a share buyback of up to $1bn. Its shares fell because revenue from its wealth business was flat and profit growth missed some analysts' expectations.
Left 0 · Centre-left 2 · Centre 2 · Centre-right 1 · Right 0
ContextSources by leanVideoDeep diveFollow the moneyMore coverage
How each side framed it
Left-leaning outlets
Left-rated outlets headline it: “HSBC Quarterly Profit Growth Misses, Sets $1 Billion Buyback” (Bloomberg); “HSBC announces share buyback of up to $1 billion as third-quarter profit meets estimates” (CNBC).
Centre outlets
Centre-rated outlets headline it: “HSBC quarterly profit jumps but shares slide after flat revenue for wealth business” (Reuters); “HSBC shares dip despite quarterly profits jumping amid cost cuts” (Financial Times).
Right-leaning outlets
Right-rated outlets headline it: “HSBC Profit Growth Misses, Plans $1 Billion Buyback” (Wall Street Journal).
Context
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Sources by lean
Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.
Left 1
- Bloomberg
HSBC Quarterly Profit Growth Misses, Sets $1 Billion Buyback (paywalled or blocks bots)
Centre 1
- Financial Times
HSBC shares dip despite quarterly profits jumping amid cost cuts (paywalled or blocks bots)
Right 1
- Wall Street Journal
HSBC Profit Growth Misses, Plans $1 Billion Buyback
Showing 1 from each side of 5 rated outlets (L 2 / C 2 / R 1). Capped at 1 because that is all we found on the thinnest side. More coverage
Video
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Deep dive
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Follow the money
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Who owns or funds the outlets covering this story (5 outlets)
| Outlet | Lean | Ownership & funding (MBFC) |
|---|---|---|
| Bloomberg | Centre-left | Michael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source |
| CNBC | Centre-left | CNBC is owned by NBC Universal, which Comcast owns. Comcast’s Chairman and Chief Executive Officer (CEO) is Brian L. Roberts, founded by his father, Ralph J. source |
| Financial Times | Centre | The Financial Times is owned by The Nikkei, a Japanese news and financial information company that publishes the leading financial paper, The Nikkei. The FT generates revenue through subscriptions, a hard paywall, and advertising..push({}); source |
| Reuters | Centre | In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source |
| Wall Street Journal | Centre-right | In 2007, The Bancroft family and relatives sold the Wall Street Journal to Rupert Murdoch for 5 billion dollars. Rupert Murdoch also purchased its parent company, Dow Jones & Co., through News Corporation. Subscriptions and advertising fund the Wall Street Journal. source |