British banking giant HSBC Holdings (HBC) said Friday that its pretax profit year-to-date remained “well ahead” of 2009. Its third-quarter pretax profits, the bank said, were also “well ahead” of last year’s quarter, although revenue growth was lower than the first half of this year.
The bank’s profit were driven by decreased quarterly loan impairment charges, which reached their lowest level…
Continue reading HSBC Profits ‘Well Ahead’ of 2009
HSBC Profits ‘Well Ahead’ of 2009 originally appeared on DailyFinance on Fri, 05 Nov 2010 08:05:00.
Filed Under: Company News, Earnings, Stocks in the News