HSBC beat expectations in yearly first-half earnings and announced its second dividend pay-out.
The bank’s reported pre-tax profit more than doubled from a year ago, as shares in Hong Kong jumped more than 3% following earnings release.
Lloyds pre-tax profits for the six months to the end of June came in at £3.9bn, following losses of £602m during the same period last year.
However, the high demand for online services is set to continue the cull for high street branches.
Timestamps:
- HSBC 02:20
- LLOY 03:45