HSBC Pledges to Restore Pre-Covid Dividends as Profit Jumps

Global banking giant HSBC Holdings PLC’s profit rose 62% in the second quarter from a year earlier, and the bank said it plans to resume paying quarterly dividends in 2023.

HSBC earned $5.5 billion in April through June, up from $3.4 billion in the same period in 2021. Analysts had expected a profit of $2.7 billion, according to consensus forecasts compiled by the company.

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