06:24 AM EDT, 10/29/2024 (MT Newswires) -- HSBC Holdings ( HSBC ) reported Q3 earnings Tuesday of $0.34 per share, up from $0.29 a year earlier.

Two analysts polled by Capital IQ expected $0.32.

Revenue for the quarter ended Sept. 30 was $17 billion, up from $16.16 billion a year earlier.

Three analysts surveyed by Capital IQ expected $16.25 billion.

The bank said it plans to initiate a stock buyback of up to $3 billion, expected to be completed within four months.

Additionally, the British lender said its board maintained an interim dividend of $0.10 per ordinary share, payable Dec. 19 to shareholders of record as of Nov. 8.

Shares of HSBC ( HSBC ) were up 4.8% in recent Tuesday premarket activity.

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