HSBC annual profit jumps by 6.5 %, and errors errinate estimates


HSBC's view of a wall outside a branch in Mexico City, Mexico 14 June 2024.

Henry Romero Reuters

On Wednesday, the largest lender in Europe HSBC reported annual profits before the 32.31 billion dollars, and the estimated analysts' estimates in a marginal way.

For the whole year, HSBC recorded revenues of $ 65.85 billion, a decrease of 66.1 billion dollars in 2023.

Here are the results of HSBC for the full year compared to LSEG estimates:

  • Pre -tax profit: 32.31 billion dollars for 32.63 billion dollars
  • profit: 65.85 billion dollars for 66.52 billion dollars

The bank's profit was doubled before the tax for the fourth quarter from the previous year to $ 2.3 billion.

These are the first results of the lender in the entire year with George Ilidri as CEO of London Bank, which is located in London. ELHEDEY, who was the bank's financial manager, was chosen to lead the company in July after Noel Quinn retirement.

Hong Kong bank shares listed 0.29 % after the profits.

On Tuesday, HSBC rejected about 40 Hong Kong investment bankers, Reuters mentioned. According to what was reported, according to what was reported, according to what was reported, it was reported that the integration and purchases, the consumer, the real estate, resources and energy.

Last October, the bank revealed plans for Reorganizing its work in four unitsSeparate its operations into the “Eastern Markets” sector and the “Western Markets” division.

HSBC said in its profits statement that the bank reserves the focus on cost discipline.

Lseg data showed that Hong Kong's HSBC shares gained more than 23 % last year.

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