HSBC Posts Higher Profit After Rise in Global Interest Rates

Global banking giant HSBC Holdings PLC reported a sharp rise in fourth-quarter profit, driven by higher interest rates.

The bank’s profit more than doubled in the final three months of 2022 from a year earlier to $4.6 billion, HSBC said Tuesday. That beat analysts’ estimates of $3.4 billion in profit, according to an HSBC-compiled

Making profit from pain... FU!!! HSBC

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HSBC Q4 profit nearly doubles as rising interest rates boost revenueHSBC Holdings reported a better-than-expected 92% surge in quarterly profit on Tuesday as rising interest rates swelled its net interest income, encouraging Europe's largest bank to reiterate it could meet a key performance target for this year.
Source: Reuters - 🏆 2. / 97 Read more »