HSBC just smashed Q2 earnings with a pre-tax profit of $10.1 billion—beating forecasts—thanks to soaring net interest income and fee revenue, while revenue jumped 16% year-over-year (with $1.3B one-time gain). Even without that boost, profit before tax surged 60%. Though restructuring costs hit $200M, net interest income rose 9%, and they’re staying on track for 17% return on tangible equity. Plus, shareholders get a 10-cent dividend and up to $1B buyback plan. Europe’s biggest lender is firing on all cylinders.
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
