HSBC said on Monday it would buy back up to an additional $2 billion in shares as it reported better-than-expected earnings in the second quarter.
The bank, which is based in London but generates much of its profit in Asia, has announced $5.5 billion in share repurchases since the second half of last year as its prospects have improved.
Since 2015, HSBC has significantly reshaped its operations by shedding tens of thousands of jobs, selling underperforming businesses and shrinking its global investment banking business.
