While its Asian business 'held up well in a challenging environment,' performance in Europe was 'not acceptable,' Chief Executive Noel Quinn said
Updated Oct. 28, 2019 1:19 am ET
HSBC Holdings PLC said third-quarter net profit fell 24% from a year earlier due to “challenging market conditions.” On Monday, the U.K.-based banking giant said quarterly net profit fell to $2.97 billion from $3.9 billion a year earlier. A FactSet poll of analysts had expected a net profit of $3.96 billion for the quarter.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China should ease regulations for foreign financial institutions: HSBC executiveChina should ease regulations so that foreign financial institutions can obtain ...
Lire la suite »
Europe's largest lender HSBC says pre-tax profits dropped 18% year over yearOn an adjusted basis, HSBC said its pre-tax profit fell 12% to $5.3 billion. Analysts predicted HSBC's pre-tax profit to drop 11% to $5.3 billion for the quarter, Reuters reported.
Lire la suite »
John Legend Misses His Flight to be With Wife Chrissy TeigenChrissy Teigen Gushes Over John Legend After He Misses His Flight to be With Her
Lire la suite »
Saudi SABIC records $400 million impairment loss on Clariant, third-quarter profit plungesSaudi Basic Industries Corp. (SABIC) reported an 86% drop in third-quarter net p...
Lire la suite »
Europe's largest lender HSBC says pre-tax profits dropped 18% year over yearOn an adjusted basis, HSBC said its pre-tax profit fell 12% to $5.3 billion. Analysts predicted HSBC's pre-tax profit to drop 11% to $5.3 billion for the quarter, Reuters reported.
Lire la suite »
Insurer AIA third-quarter new business posts tepid rise as Hong Kong demand slowsAsia-focused insurer AIA Group Ltd said on Monday it posted only a sma...
Lire la suite »