HSBC's (HKG:0005) H1 pre-tax profit is likely to decline by 23% to 28% year over year, Hong Kong's The Standard reported Monday.
The lender is expected to report $15.5 billion to $16.5 billion in profit before tax, a decrease from last year when the bank benefited from a one-off gain from the sale of its Canadian business, the report said.
HSBC is also expected to maintain its interim dividend at $0.10 per share, and announce a new share buyback ranging from $2 billion to $3 billion, according to The Standard.
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