HSBC pre-tax annual profit jumps 78%, misses market estimates

From CNBC:

Customers in Hong Kong are using HSBC Holdings Plc’s ATMs at night. Amidst stock gains, HSBC reported a 78% increase in pre-tax profit to $30.3 billion for 2023, falling short of analyst estimates. The bank’s 30% revenue increase and improved lending profitability were notable. Basic earnings per share for 2023 was $1.15.



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