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HSBC (5 HK) Q4 (USD) net 4.7bln (prev. 197mln), pre-tax profit 6.8bln (prev. 2.3bln), NII 9.2bln (prev. 8.2bln), FY profit after tax 23.1bln (prev. 25.0bln Y/Y), rev. rose 4% Y/Y to 68.3bln

HSBC's Q4 earnings showcase a significant improvement in quarterly profit, rising to $4.7 billion from a prior $197 million, and pre-tax profits surged to $6.8 billion from $2.3 billion.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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HSBC (5 HK) Q4 (USD) net 4.7bln (prev. 197mln), pre-tax profit 6.8bln (prev. 2.3bln), NII 9.2bln (prev. 8.2bln), FY profit after tax 23.1bln (prev. 25.0bln Y/Y), rev. rose 4% Y/Y to 68.3bln

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However, it's worth noting that their FY profit slightly declined year-over-year, suggesting some pressure ahead. This strong quarter may provide a positive outlook for banks, reflecting robust net interest income and overall revenue growth, which could influence investor sentiment in the sector and related markets.

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