2/22, 6:09 AM (Source: TeleTrader)
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HSBC posts revenue of $12 billion in Q4

HSBC Holdings plc announced on Tuesday it booked profit before tax of $12.6 billion in the fourth quarter of 2021, more than tripling from the $3.89 billion it registered for the same period of 2020.

The bank's net profit jumped to $1.79, up from the final quarter 2020 result which stood at $562 million, while its diluted EPS landed at $09, in contrast with last year's $0.03.

"We made good progress against our strategy in 2021, which contributed to a strong financial performance that was supported by the global economic recovery. All of our regions were profitable and we saw growth in the fourth quarter of 2021 in many of our business lines," HSBC CEO Noel Quinn said.

Baha Breaking News (BBN) / NL