HSBC moots dividend as 3Q profits exceed expectations

HSBC moots dividend as 3Q profits exceed expectations

HSBC this morning reported pre-tax profits of $3.1bn in 3Q2020, significantly higher than analysts had expected, yet overall revenue fell by 11% YoY, to $11.9bn. Based on what CEO Noel Quinn called a "promising" performance, the UK-based, Asian-weighted, bank said it was considering restating "conservative" dividend payouts through the coming year. Last April HSBC incurred the wrath of its Hong Kong investors by cancelling its dividend following a Bank of England ban. The bank's shares ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.