HSBC's third-quarter profit drops 14%, but beats expectations as net interest income rises - CNBC
AI Summary1 min read
TL;DR
HSBC's Q3 profit fell 14% due to a $1.1 billion Madoff lawsuit provision, but exceeded expectations as net interest income increased. The bank remains optimistic for 2025 despite the financial hit.
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HSBCprofitMadoffnet interest income2025 outlook
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