HSBC Holdings PLC (XBUL:HBC1)

лв 7.569 0 (0%) Market Cap: 319.77 Bil Enterprise Value: 67.40 Bil PE Ratio: 7.90 PB Ratio: 0.94 GF Score: 62/100

Q3 2021 HSBC Holdings PLC Earnings Call Transcript

Oct 25, 2021 / 06:30AM GMT

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the investor and analyst conference call for HSBC Holdings plc's earnings release for 3Q 2021. For your information, this conference is being recorded.

At this time, I will hand the call over to your host, Mr. Noel Quinn, Group Chief Executive.

Noel P. Quinn

HSBC Holdings plc - Group CEO, Member of the Group Management Board & Executive Director

Thank you. Good morning or afternoon, wherever you are. Ewen is going to take the bulk of the call today, and he will do that in the future Q1 and Q3 announcements.

For today, though, let me start by saying that I'm really pleased with our third quarter performance. We've had a strong quarter of profit generation across all regions, supported by another quarter of net ECL releases. But most pleasing is the underlying revenue growth we're now seeing across the business. We feel that we're turning the corner on revenue after absorbing interest rate impacts over the last few quarters. We've got strong fee growth in all businesses. In Global Banking

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