In the three months leading up to the end of September, the company reported pre-tax profits of $8.5 billion (£6.6 billion), exceeding analysts’ forecasts.
It happens a few days after the new head of HSBC announced a significant reorganization of the business.
Due to rising geopolitical tensions and a need to reduce expenses, the company will be geographically split into eastern and western regions.
Georges Elhedery, HSBC’s new CEO, stated that the measures will “begin immediately” and pledged to provide additional information in February along with the bank’s full-year results.
“We produced another strong quarter, demonstrating the effectiveness of our approach.”
