HSBC 3Q Pretax Profit Misses Estimates

The video discusses HSBC's third quarter financial results, highlighting a miss in pretax profit estimates and a maintained common equity tier one ratio. Market reactions are negative, with leadership changes under Mark Tucker and interim CEO Noel Quinn. The Hong Kong protests significantly impact earnings, accounting for over 30% of the company's income. Despite performance issues, HSBC plans to maintain its dividend. Cost-cutting measures are emphasized, with potential job cuts globally, including in London, France, and the Middle East.

What was the third quarter pretax profit for HSBC, and how did it compare to the estimate?

• 4.84 billion, which was above the estimate

• 5.35 billion, which was above the estimate

• 5.35 billion, which was below the estimate

• 4.84 billion, which was below the estimate

What significant event in Hong Kong is affecting HSBC's earnings outlook?

• A new tax policy

• A merger with another bank

• A change in currency regulations

• Protests in Hong Kong

What is one of the main focuses of Mark Tucker's strategy for HSBC?

• Expanding into new markets

• Increasing marketing budget

• Cost-cutting measures

• Hiring more employees

How many job cuts are being considered globally by HSBC according to Bloomberg Intelligence?

• 15,000

• 20,000

• 5,000

• 10,000

What is the expected return on equity target for HSBC in 2020?

• Over 12%

• Over 9%

• Over 10%

• Over 11%