Report
HSBC's third-quarter pretax profit rises 32% to $9.6 billion
The Financial Times reports operating expenses fell to $8.8 billion and HSBC plans a buyback of up to $1 billion.
TLDR
CNBC reports HSBC's third-quarter pretax profit rose 32% to $9.63 billion, just below the $9.69 billion consensus estimate compiled by the bank. Revenue rose to $18.6 billion, and net interest income increased 6% to $9.3 billion. The Financial Times notes that a $1.1 billion lawsuit provision weighed on profit in the year-earlier quarter.
Combined views
63K
7 Sources, first seen ago
