Diamond Member Pelican Press 0 Posted July 31, 2024 Diamond Member Share Posted July 31, 2024 This is the hidden content, please Sign In or Sign Up HSBC H2 earnings Aaron P | Bauer-Griffin | GC Images | Getty Images Europe’s largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank posted pretax profit in the six months to June of $21.56 billion, down from $21.66 billion in the same ******* of last year. The first-half figure nevertheless came in well above the $20.5 billion average of broker estimates compiled by HSBC, according to Reuters. “We are growing and investing in our international retail and wealth business to sit alongside this, which is helping to diversify revenue,” HSBC’s outgoing CEO Noel Quinn said Wednesday. “Each of these strengths contributed to a good revenue performance in the first half of 2024, supported by higher interest rates.” This breaking news story is being updated. This is the hidden content, please Sign In or Sign Up #HSBC #earnings This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/82890-hsbc-h2-earnings/ Share on other sites More sharing options...
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