Aaron P | Bauer-Griffin | GC Pictures | Getty Pictures
Europe’s largest lender HSBC posted a slender decline in pretax revenue within the first half of the 12 months, however beat expectations on the again of a high-interest fee surroundings.
The financial institution posted pretax revenue within the six months to June of $21.56 billion, down from $21.66 billion in the identical interval of final 12 months. The primary-half determine however got here in properly above the $20.5 billion common of dealer estimates compiled by HSBC, in line with Reuters.
“We’re rising and investing in our worldwide retail and wealth enterprise to sit down alongside this, which helps to diversify income,” HSBC’s outgoing CEO Noel Quinn stated Wednesday.
“Every of those strengths contributed to a very good income efficiency within the first half of 2024, supported by increased rates of interest.”
This breaking information story is being up to date.
