The bank raised its dividends to the highest level in 4 years
HSBC Holdings’ quarterly profit, before tax, rose 92% to $5.2 billion.
The results exceeded analysts’ expectations of $4.9 billion.
Provisions increased to $3.6 billion, compared to expectations of $3.2 billion.
On the other hand, “HSBC” raised its dividends to the highest level in four years, adding that it may make exceptional dividends next year.
The bank also indicated that it may buy back its shares sooner than previously expected.
HSBC is trying to face calls to separate its Asian activities from Western, which is what the Ping An Group, the largest shareholder in HSBC, is calling for in light of the bank’s performance in recent years.
