HSBC (0005) is expected to report a 50.3 percent growth in its pre-tax profit for the second quarter this year when it unveils the results on Tuesday.<\/p>\n
Its profit before taxes is estimated to reach US$9.51 billion (HK$74.18 billion) for the three months ended June, compared with US$6.33 billion a year ago, according to market estimates.<\/p>\n
Analysts also forecasted that the lender will maintain a dividend of 10 US cents.<\/p>\n
Net interest income is projected to record a 3 percent increase from the previous quarter during the period, according to Goldman Sachs.<\/p>\n
Goldman Sachs also expected the banking giant to release a US$1.5 billion share buyback plan alongside the second-quarter results, in contrast with the lack of a return to the share buyback programme a quarter prior.<\/p>\n
In the first quarter, HSBC posted a surprise US$400 million loss related to a fraud case in the United Kingdom that dragged down its profit, with pre-tax profit down 1 percent year-on-year to US$9.38 billion.\u00a0<\/p>\n
The London-based lender booked the charge on an indirect private credit-related loan exposure for the first three months, as well as US$300 million allowances on heightened uncertainty amid the Middle East conflict.<\/p>\n
Its Hong Kong-listed shares have advanced over 35 percent year-to-date.<\/p>\n","protected":false},"excerpt":{"rendered":"HSBC (0005) is expected to report a 50.3 percent growth in its pre-tax profit for the second quarter…\n","protected":false},"author":2,"featured_media":95702,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[345,255,339,11,338,348,341,340,342,9881,346,347,344,330,337,343],"class_list":["post-95701","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-breaking-news","tag-china","tag-english-daily","tag-finance","tag-free-newspaper","tag-headlines","tag-hong-kong-media","tag-hong-kong-news","tag-hong-kong-news-media","tag-hsbc","tag-latest-news","tag-sing-tao","tag-sports","tag-standard","tag-the-standard","tag-world"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117025855374581781","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/95701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=95701"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/95701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/95702"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=95701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=95701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=95701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}