HSBC’s pre-tax profits almost doubled to $2.7bn in the final quarter of 2021 as the UK lender’s commercial banking revenues were buoyed by growth in credit and lending.
The London-based bank said in an earnings statement on Tuesday that full-year pre-tax profits increased 115 per cent to $18.9bn, just missing forecasts of $19.1bn.
The bank also revealed a dividend of $0.18 cents a share and a buyback worth up to $1bn to begin after the completion of its $2bn share repurchased announced in October.
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