Noel Quinn CEO of HSBC HoldingsNet interest income for the first half stood at $18.3 billion, 36% higher year-on-year, while net interest margin came in 46 basis points higher at 1.70%.
Solid second quarterFor the second quarter alone, HSBC beat analysts' expectations to report an 89% jump in pre-tax profit in the second quarter.
Pre-tax profit for the quarter ended in June was $8.77 billion, beating expectations of $7.96 billion.
Net profit was $6.64 billion, beating the $6.35 billion expected in analysts' estimates compiled by the bank, jumping 27% compared to the same period a year before.
Total revenue for the second quarter came in at $16.71 billion, 38% higher than the $12.1 billion seen in the same period a year ago.
Persons:
Bertha Wang, Noel Quinn, CNBC's, Quinn, —, there's
Organizations:
Silicon Valley Bank, HSBC Holdings, Bloomberg, Getty, HSBC, HSBC —, Revenue
Locations:
France, Silicon, Hong Kong, U.K