HSBC’s 3Q24 profits beat market expectations due in part to a strong wealth performance in Asia, as the bank embarks on significant restructuring under new CEO Georges Elhedery. Profit before tax increased by 9.9% to US$8.48 billion in 3Q24 from last year. This was primarily attributed to revenue growth in Wealth and Personal Banking (WPB), which reflected higher customer activity…
Strong Asia wealth performance boosts HSBC’s 3Q24 profit
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