After adjusting for one-off items, the lender’s profit for the third quarter of this year came in at US$5.44 billion, 1.4 per cent lower than the same period last year but marginally better than a poll of analyst forecasts compiled by the bank, which had predicted US$5.41 billion. Photo: AFP

HSBC’s ‘pivot to Asia’ helps Q3 profit beat expectations

Lender’s profit for Q3 is US$5.44b, 1.4pc lower than last year, but marginally better than analyst forecasts, which had predicted US$5.41b

Topic |   HSBC

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After adjusting for one-off items, the lender’s profit for the third quarter of this year came in at US$5.44 billion, 1.4 per cent lower than the same period last year but marginally better than a poll of analyst forecasts compiled by the bank, which had predicted US$5.41 billion. Photo: AFP
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