Shares of HSBC Holdings Plc (HSBC,HSBA.L) increased more than 4 percent in Hong Kong and London trading after the Asia-focused lender reported Monday significant growth in its third-quarter earnings and revenues mainly with improved results in three main businesses and lower costs.
John Flint, Group Chief Executive, said, "These are encouraging results that demonstrate the revenue potential of HSBC. We are doing what we said we would - delivering growth from areas of strength, and investing in the business while keeping a strong grip on costs. We remain committed to growingprofits..."
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