HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates

(CNBC) HSBC on Tuesday reported fourth-quarter earnings for 2022 that beat analyst expectations. The bank’s reported profit before tax for the three months ended in December was $5.2 billion, 108% higher than $2.5 billion a year ago and better than the $4.97 billion expected in estimates compiled by the bank. HSBC said its fourth-quarter results reflect strong reported revenue growth and lower reported operating expenses.

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