Monday, July 30, 2007

HSBC says profits up 13 pct

(Reuters) - HSBC , which blamed bad U.S. mortgage loans for its first ever profit warning earlier this year, said pretax profit rose 13 percent to $14.16 billion in the six months to June 30, boosted by strong growth in Hong Kong, the Asia-Pacific and its investment banking arm.




That was ahead of an average forecast of $13.27 billion from a Reuters Estimates poll of nine analysts.


Read more at Reuters.com Business News

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