HSBC Holdings PLC made an adjusted pre-tax profit of 6 billion US dollars in the third quarter. Net profit for the first nine months was $10.819 billion, compared with $3.336 billion in the same period last year. HSBC also announced that it would spend up to $2 billion to buy back shares, which is expected to start in the near future.
HSBC Holdings PLC said quarterly dividends will not be paid in 2021 and will be reviewed on or before the results are announced in February.