InvestSMART
The Intelligent Investor Growth Fund is listing on the ASX. Initial Offer closes Friday.

HSBC on sound footing

Global banking giant HSBC has announced a 22 per cent rise in half-year net profits to $US10.28 billion ($11.5 billion) citing lower costs and falling bad-debt charges. Chief executive Stuart Gulliver, pictured, sounded a note of caution over China, where the economy is growing at a slower pace. Analysts said the key metrics of profits, costs, impairments and return on capital all remain strong or improving.

Global banking giant HSBC has announced a 22 per cent rise in half-year net profits to $US10.28 billion ($11.5 billion) citing lower costs and falling bad-debt charges. Chief executive Stuart Gulliver, pictured, sounded a note of caution over China, where the economy is growing at a slower pace. Analysts said the key metrics of profits, costs, impairments and return on capital all remain strong or improving.

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles