HONG KONG (Reuters) – HSBC reported a 6.6% rise in annual profit on Wednesday, beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs.
The London-based bank reported profit before tax for 2024 of $32.3 billion. That compared with $30.3 billion a year earlier and the $31.7 billion average of analyst estimates compiled by the bank.
(Reporting by Selena Li and Sumeet Chatterjee; Editing by Christopher Cushing)
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