cnbc.com

HSBC Second-Quarter Pre-Tax Profit Beats Estimates as Net Interest Rises

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HSBC reported second-quarter pre-tax profit of $10.1 billion, beating analysts’ estimates, driven by stronger growth in net interest income and higher fees. Revenue rose 16% year-on-year to $19.1 billion, aided by one-off notable items. The company also approved a second interim dividend and plans to start a share buyback of up to $1 billion by the third-quarter results.

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