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A view of the HSBC Bank logo on a wall outside a branch in Mexico City, Mexico, June 14, 2024.
Henry Romero | Reuters
The largest lender in Europe, HSBC, on Wednesday reported an annual gain before taxes of $ 32.31 billion, estimates of marginally missing analysts.
For the whole year, HSBC reported revenues of $ 65.85 billion, below $ 66.1 billion in 2023.
Here are the results of the whole year of HSBC compared to the middle estimates of LSE:
- Profit before taxes: $ 32.31 one billion vs. $ 32.63 billion
- Revenue: $ 65.85 Billion vs. $ 66.52 billion
The bank’s gain before taxes for the fourth quarter almost doubled from a year before $ 2.3 billion.
These are the first results of the whole year of the lender with Georges Elhedery as CEO of the Bank based in London. Elhedery, who was the bank’s financial director, was chosen to lead the company in July after the retirement of Noel Quinn.
On Tuesday, HSBC dismissed about 40 investment bankers in Hong Kong, Reuters reported. According to reports, the sectors are more difficult are M&A, consumers, real estate and resources and energy.
Last October, the bank revealed plans to reorganize your business in four unitsseparating its operations in a sector of “oriental markets” and a division of “western markets”.
HSBC actions in Hong Kong obtained more than 23% last year, showed LSE data.
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