HSBC reports fourth-quarter pre-tax revenue of $5.2 billion, beating estimates

HSBC reports fourth-quarter pre-tax revenue of .2 billion, beating estimates


Hong Kong observation wheel, and the Hong Kong and Shanghai Financial institution, HSBC constructing, Victoria harbor, Hong Kong, China.

Ucg | Universal Visuals Team | Getty Illustrations or photos

HSBC on Tuesday described fourth-quarter earnings for 2022 that conquer analyst expectations.

The bank’s noted financial gain before tax for the a few months ended in December was $5.2 billion, 108% greater than $2.5 billion a 12 months back. Analyst estimates compiled by the financial institution experienced predicted a soar of 87% to $4.97 billion.

For the entire yr, documented profits was $51.73 billion, up from $49.55 billion in 2021. 

Hong Kong-mentioned shares of HSBC have been about 1% lessen in advance of the launch.

Europe’s greatest lender by assets’ complete-yr report arrives as central banking institutions throughout the globe carry on to increase desire prices to tame inflation. That is predicted to have supported the lender’s web interest margins.

Inventory Chart IconStock chart icon

hide content

This is a breaking news story, remember to check out later for updates.



Source

India’s largest airline melts down after new crew rest rules
World

India’s largest airline melts down after new crew rest rules

Passengers seen in heavy rush and chaos at the IndiGo counter at Indira Gandhi International Airport Terminal 1 after a technical glitch at IndiGo caused delays and cancellations of multiple flights on Dec. 4, 2025 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images Air travel across India was in turmoil for a fourth […]

Read More
Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected
World

Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly […]

Read More
Why healthcare is the ‘ultimate hedge’ against an AI correction, according to Kepler Cheuvreux
World

Why healthcare is the ‘ultimate hedge’ against an AI correction, according to Kepler Cheuvreux

Key Points Talk of an AI bubble has grown since high-profile investor Michael Burry, known for predicting the housing meltdown ahead of 2008, revealed he is shorting AI players like Nvidia and Palantir. Healthcare, meanwhile, is recovering after a perfect storm, according to Kepler Cheuvreux analysts. The sector is also increasingly benefiting from AI adoption […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus