HSBC's third-quarter profit jumps 32%, in line with estimates
HSBC•HSBC reported third-quarter pretax profit of $9.6 billion, up 32% from a year earlier and compared with an average estimate of $9.7 billion.
1. Profit rises
HSBC's pretax profit for the July-September quarter was $9.6 billion, compared with $7.3 billion in the same period a year earlier and an average estimate of $9.7 billion in a poll compiled by HSBC. Rate hikes helped boost net interest income, while turbulent market conditions prompted an influx of new clients to its wealth management division.
