HSBC achieves record profits but sweats on China woes
- HSBC reported a 78% increase in pre-tax profit in 2023, reaching $30.3 billion, but faced a $3 billion write-off due to their stake in China's Bank of Communications.
- An increase in net interest margin to 1.66% was attributed to higher interest rates, leading to a $30 billion profit, short of analysts' $34 billion forecast.
- Concerns about the Chinese economy led to a 3% drop in HSBC shares, valued at £122 billion, following the record-high annual profit announcement.
17 Articles
17 Articles
HSBC celebrates 'record' results with bumper dividend for shareholders
HSBC Bank Malta on Wednesday said it had achieved record results in 2023, allowing it to declare a final gross dividend of nine cents per share.The bank closed 2023 with €133.9 million in profit before tax, a 141% increase over the previous year, while operating costs grew by a far more meagre 3%. It tightened...
HSBC boss sees pay nearly double as bank reveals record profits
The bank said its pre-tax profit surged by nearly 80% to top 30.3 billion US dollars (£24 billion) in 2023, from 17.1 billion dollars (£13.6 billion) the year prior
STA: HSBC lani z rekordnim dobičkom
Bančni velikan HSBC s sedežem v Londonu je lani zabeležil rekordni dobiček. Pred davki je ta znašal 30,3 milijarde dolarjev (28,05 milijona evrov), kar je skoraj 80 odstotkov več kot v letu 2022. Banka je ob tem napovedala nadaljnji odkup lastnih delnic.
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