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 are the implications of the protests in Hong Kong on HSBC's earnings outlook?

What cost-cutting measures are being considered by HSBC under Mark Tucker's leadership?