HSBC's third-quarter revenue misses estimates, shares slide - Nikkei Asia
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HONG KONG/LONDON (Reuters) -- HSBC on Tuesday reported a jump in quarterly profit, but revenue came in below estimates in part due to slower growth at its wealth business, dragging down shares in the lender by 6%.
HONG KONG/LONDON (Reuters) -- HSBC on Tuesday reported a jump in quarterly profit, but revenue came in below estimates in part due to slower growth at its wealth business, dragging down shares in the lender by 6%.
Europe's largest bank reported pretax profit surged 32% to $9.6 billion for the July-September quarter, in line with estimates and launched a share buyback of up to $1 billion, the same amount as the previous quarter.
But revenue undershot analyst forecasts for $19 billion with growth of 5% to $18.6 billion.
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https://asia.nikkei.com/business/finance/hsbc-s-third-quarter-revenue-misses-estimates-shares-slide
