HSBC warns of ‘challenging’ outlook as profit falls
HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead.
Europe’s largest bank said profit before tax hit $4.8bn (£3.8bn) in the three months to September, missing analyst estimates for the period.
In a statement, the bank said its outlook for revenue growth was “softer” than anticipated.
HSBC has been navigating uncertainty arising from Brexit, the US-China trade war, ongoing unrest in Hong Kong.
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