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HSBC reports third-quarter pretax profit in line with estimates on net income boost

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: HSBC reports third-quarter pretax profit in line with estimates on net income boost
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Market & Financial Impact: HSBC announced its third-quarter earnings on Tuesday.
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Actionable Insight: 📊 Earnings Focus: Assess quarterly EBITDA margins, year-over-year revenue, and management guidance.

Banking giant HSBC on Tuesday reported third-quarter pretax profit that largely met analysts' estimates complied by the lender.

Revenue at HSBC rose to $18.6 billion from $17.8 billion in the same period last year, while third-quarter profit before tax increased 32%.

Here are HSBC's third -quarter results compared with the consensus estimates compiled by the bank.

The bank's net interest income rose 6% from a year earlier to $9.3 billion in the third quarter, while operating expenses decreased 12%.

HSBC announced in September that it had completed its approximately $1 billion share buyback program, repurchasing approximately 48.7 million shares across the U.K. and Hong Kong markets for cancellation.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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