You are here

HSBC's Q3 profit exceeds estimates as legal costs fall

The result benefited from a US$1.4 billion decline from a year earlier in fines, settlements.


HSBC Holdings plc, Europe's largest bank, reported a bigger-than-expected jump in third-quarter profit as costs related to fines and legal settlements declined.

Pretax profit rose to US$6.1 billion from US$4.6 billion a year earlier as operating costs fell, the London-based