$HSBA (+1,51 %) HSBC Holdings earned less on the bottom line in the second quarter.
The London-based bank announced a share buyback for up to 3 billion US dollars. Net profit fell by 3.6 percent year-on-year to 6.40 billion US dollars, according to the statement. This exceeded the estimate of 5.72 billion US dollars in a survey of analysts by data provider Visible Alpha.