While its Asian business 'held up well in a challenging environment,' performance in Europe was 'not acceptable,' Chief Executive Noel Quinn said
Updated Oct. 28, 2019 1:19 am ET
HSBC Holdings PLC said third-quarter net profit fell 24% from a year earlier due to “challenging market conditions.” On Monday, the U.K.-based banking giant said quarterly net profit fell to $2.97 billion from $3.9 billion a year earlier. A FactSet poll of analysts had expected a net profit of $3.96 billion for the quarter.
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