Workflow
HSBC Q3 Pre-Tax Earnings Rise Y/Y as ECL Charges Decline, Stock Up
HSBCHSBC HOLDINGS(HSBC) ZACKS·2024-10-29 21:56

HSBC Holdings (HSBC) reported a third-quarter 2024 pre-tax profit of $8.5 billion, up 9.9% from the prior-year quarter. The reported quarter included a loss on the early redemption of legacy securities and disposal losses tied to treasury repositioning and risk management. This was partly offset by a gain on foreign exchange hedges relating to the disposal of banking business in Canada.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results were aided by a decline in expected credit ...