Amazon is at an interesting juncture on the charts. While the shares may be in a longer-term downward trend, we can also see some signs of an upside reversal. Let's check further. In the daily bar chart of AMZN, below, we can see some bottoming price action in May-July. Read More...
Reuters
HSBC eyes resuming buybacks in second half of 2023
LONDON (Reuters) -HSBC is likely to resume share buybacks in the second half of next year, its Chief Financial Officer Ewen Stevenson said on Monday, as the bank looks to boost payouts to investors having curbed them at regulators’ behest during the COVID-19 pandemic. The bank earlier this year said buybacks would be unlikely in 2022, but said it would resume return of excess capital over what was required to execute its strategy in future years. “Fundamentally, our approach on distributions is to view dividends as the primary basis of returning capital to shareholders, and that we use buybacks to soak up surplus capital,” Stevenson told investors at an event run by rival bank Barclays.
