HSBC Third-Quarter Revenue Misses Estimates; Shares Slide
HSBC's pretax profit climbed 32% to $9, while third-quarter revenue missed estimates and shares slid.
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07:32:37 AM UTC
SquawkNews
STOCKS TO WATCHHSBC posted a 32% jump in third-quarter pre-tax profit to $9.6bn, with revenue 5% higher at $18.6bn, mainly reflecting growth in banking net interest income. Both figures were a touch below forecasts, however. Net interest income - the difference between what banks charge for loans a…