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    HomeNewsWorldInternational ResultsHSBC Q3 pretax profit up 32% on lower regulatory costs

    HSBC Q3 pretax profit up 32% on lower regulatory costs

    The bank's pretax profit was USD 6.1 billion, up from USD 4.6 billion in the same period a year ago, HSBC said in a Hong Kong stock exchange filing on Monday.

    November 02, 2015 / 10:32 IST

    HSBC reported a better than expected 32 percent rise in pretax profit for the third quarter, thanks to reduced costs from regulatory fines, in its first earnings update since the bank announced a major strategic overhaul in June.

    The bank's pretax profit was USD 6.1 billion, up from USD 4.6 billion in the same period a year ago, HSBC said in a Hong Kong stock exchange filing on Monday.

    That was more than the consensus estimate of $5.2 billion, based on the average of analysts' forecasts compiled by the bank.

    first published: Nov 2, 2015 10:32 am

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