A billboard at HSBC’s headquarters in the Central district of Hong Kong, the bank’s largest single market, on 26 July 2022. Photo: Yik Yeung -man.
A billboard at HSBC’s headquarters in the Central district of Hong Kong, the bank’s largest single market, on 26 July 2022. Photo: Yik Yeung -man.

HSBC posts second-quarter surprise as profit jumps unexpectedly by 61 per cent on deferred tax gain, helping bank to beat estimates

  • Net profit jumped by 61 per cent to US$5.49 billion in the three months ended June 30, beating the US$2.7 billion expected by analysts
  • Revenue advanced by 1.6 per cent to US$12.8 billion, while net interest income rose 13.6 per cent to US$7.5 billion during the period, the London-based bank said

A billboard at HSBC’s headquarters in the Central district of Hong Kong, the bank’s largest single market, on 26 July 2022. Photo: Yik Yeung -man.
A billboard at HSBC’s headquarters in the Central district of Hong Kong, the bank’s largest single market, on 26 July 2022. Photo: Yik Yeung -man.
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