HSBC Holdings Plc reported a robust third-quarter performance, with pre-tax profit rising 10% to $8.5 billion, surpassing analyst expectations. The bank's revenue also grew by 5% to $17 billion, driven by strong performance in its wealth and personal banking divisions. This positive financial outcome has led HSBC to announce a $3 billion share buyback, bringing the total for the year to $9 billion. The bank's strategic focus on enhancing shareholder value through buybacks reflects its confidence in sustained profitability and operational efficiency.

In addition to the buyback, HSBC is undergoing a significant restructuring aimed at streamlining its operations into four distinct business units. This move is expected to enhance agility and reduce operational redundancies, positioning the bank to better respond to market demands. The restructuring comes at a time when HSBC is also looking to complete the sale of its Argentine operations, further indicating a strategic pivot towards more profitable markets. The bank's proactive measures in both financial performance and operational restructuring highlight its commitment to long-term growth.