HSBC Q3 pre-tax profit more than doubles but misses estimates
© Reuters. FILE PHOTO: A man walks past a logo of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019. Picture taken August 6, 2019. REUTERS/Lim Huey Teng/File Photo) reported a 240% increase in third-quarter pre-tax profit on Monday as higher interest rates boosted profitability, although it missed market estimates.
Europe's largest bank with a market value of $118.6 billion posted a pre-tax profit of $7.7 billion for the July to September quarter, versus $3.2 billion a year earlier, trailing the $8.1 billion mean average estimate of brokers compiled by HSBC.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Ledger Triggered 390% Growth in DEX Volume in Q3: DetailsXRP ecosystem growth unveiled in impressive Q3 report
Read more »
Oaks Christian football holds off St. Bonaventure to win Marmonte League titleSt. Bonaventure field goal attempt for the tie misses in game’s final seconds.
Read more »
31 Organization Products That Look Cool *And* Work WellDecor that doubles as organization is a major win.
Read more »
The Frasier Reboot Fixes The Original Show's Darkest Niles & Martin StoryThe Frasier reboot episode 4 fixes one of the biggest misses in the original series' story with Niles (David Hyde Pierce) and Martin (John Mahoney).
Read more »