Author: 123jump.com Staff
123jump.com
Last Update: 10:16 PM EST March 03 2008
HSBC reported total operating income rose 25% to $87 billion from $70 billion from a year ago thanks to revenues from emerging markets that offset subprime related losses. Profits before tax grew 24.8% to $6 billion in the rest of the Asia-Pacific region, while profit rose 35.5% from $6.9 billion to $8.5 billion in Europe. HSBC issued a cautious 2008 outlook.
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