HSBC to buy back $2B in stock

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HSBC Holdings PLC announced plans to buy back $2 billion worth of its stock.

The decision was made as the company reported $3.5 billion in third-quarter earnings. That's up from $1.4 billion a year earlier.

Profits in the third quarter of 2020 were impacted by a larger provision for loan losses.

Read more from The Wall Street Journal.