HSBC, Europe's largest bank, posted quarterly profits for the third quarter of the year, up by 28% from the same period last year before taxes added reaching $5.922 billion.
Revenues during the period reached 13.798 billion, an increase of 6.32% on yearly basis.
Although the bank's performance improved markedly, profits and earnings came in below market expectations. Adjusted earnings before taxes added $6.193 billion, up by 16 percent. The net interest margin was 1.67% as of September 30, compared to 1.63% recorded in the previous year.
