Hong KongHSBC’s pretax profit hit $9.6 billion in the July-September quarter.
Rate hikes lifted net interest income, and last year’s legal provisions did not recur.
Expected credit losses fell 17% to $800 million on lower charges for Hong Kong property and its UK and Mexican wealth businesses.
HSBC will buy back up to $1 billion of shares, matching the previous quarter.
Sources: Aol