HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates
Publishing timestamp: 2023-02-21 01:23:59
Summary
HSBC reported fourth-quarter earnings for 2022 that beat analyst expectations. The bank's reported profit before tax for three months ended in December was $5.2 billion, 108% higher than $2.5 billion year ago and better than $4.97 billion expected in estimates compiled by bank. HSBC said its fourth-quarter results reflect strong reported revenue growth and lower reported operating expenses. The bank's board approved second interim dividend of 23 cents per share, making total for 2022 of 32 cents per share. HSBC said it expects net interest income of at least $36 billion in 2023. HSBC's group chairman said global economy still faces many macroeconomic headwinds, but is optimistic about global economy in second half of 2023.
Sentiment: POSITIVE
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Source: https://www.cnbc.com/2023/02/21/hsbc-earnings-fourth-quarter-full-year-2022.html