HSBC Q2 Pre-Tax Earnings Increase Y/Y as ECL Charges Decline

HSBC Holdings HSBC reported a second-quarter 2024 pre-tax profit of $8.9 billion, up 1.5% from the prior-year quarter. The reported quarter included a loss related to the recycling of reserves following the completion of the sale https://www.nasdaq.com/articles/hsbc-q2-pre-tax-earnings-increase-y-y-ecl-charges-decline