HSBC reported third-quarter pre-tax profit of $8.5 billion, a 10% rise compared to the $7.7 billion posted a year ago.
Quarterly revenue grew 5% to $17 billion from the $16.2 billion that was reported a year ago.
The bank also announced a fresh $3 billion share buyback, bringing the total amount announced this year to $9 billion.
Net interest margin, a measure of lending profitability, dropped to 1.5% from 1.7% a year ago. Basic earnings per share for the quarter came in at 34 cents, higher than the 29 cents of the same period of last year.
You can take HSBC Q3 valuation, here https://www.growthvaluation.com/download-category/evaluations/