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HSBC's Q3 profits fell 14% to £898M due to lower trading income and higher costs, yet beat expectations.
HSBC reported a 14% drop in third-quarter profits, amounting to an £898 million decline, primarily due to lower trading income and higher costs.
Despite the decrease, the bank exceeded analysts' expectations, driven by stronger revenue and interest income.
The results reflect ongoing challenges in global markets, including economic uncertainty and shifting interest rate environments.
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Las ganancias del tercer trimestre de HSBC cayeron un 14% a £898M debido a menores ingresos comerciales y mayores costos, aunque superaron las expectativas.