HSBC Holdings reported 28 percent rise in its quarterly profit before tax on Monday.
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The profit beat expectations.
The bank’s reported pretax profit was $5.9 billion in the September quarter, up from $4.6 billion in the same period a year earlier, according to Reuters.
The profit was higher than the $5.6 billion average of analysts’ estimates compiled by the bank.
Europe’s biggest bank by assets has in recent years reaped the benefits of a wider restructuring after the global financial crisis.
Rising costs are a concern to CEO John Flint, who started in the job in February.
