LONDON: HSBC Holdings Plc's first-half profits rose by more than half, smashing market expectations and boosting its shares, as the global bank benefited from last year's purchase of US lender Household.
Pre-tax profits for the six months ended June 30 rose 53% to US$9.37bil, from US$6.11bil a year earlier, the world's third biggest bank by market value said yesterday.
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