2018-10-29
HSBC said on Monday its quarterly profit grew 28 percent before tax.
 
Earnings were higher than expected with support from the bank's Asian operations and stronger loan growth.
 
Profit before tax was $ 5.9 billion in the quarter to September, up from $ 4.6 billion a year earlier, the bank said. Earnings exceeded analysts' expectations in a bank survey of $ 5.6 billion.
 
The largest European bank by assets in recent years has reaped the fruits of a broader restructuring following the global financial crisis. But rising costs are a concern as CEO John Flint, who took office in February, sought to boost investment