The UK-based firm said the jump in profits was driven by an economic rebound in Britain and Hong Kong.
The figures come as the global economy emerges from the impact of the coronavirus pandemic
"I'm pleased with the momentum generated around our growth and transformation plans, with good delivery against all four pillars of our strategy. In particular, we have taken firm steps to define the future of our US and continental Europe businesses", said HSBC chief executive Noel Quinn. It plans to pay an interim dividend of seven cents a share after the Bank of England last month scrapped curbs on such pay-outs to investors.However, Laura Foll, manager of UK income funds at Janus Henderson Investors, told the BBC that the key factor behind the rise in HSBC's profits had been the lower-than-expected losses on loans during the pandemic.
In February, HSBC had signalled a "pivot to Asia", outlining plans to invest about $6bn in the region.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese growth concerns as coronavirus new wave slows factory output – business liveRolling live coverage as China’s PMI signals slowest manufacturing growth since April 2020 but HSBC profit doubles
Read more »
Aston Martin's Sebastian Vettel DISQUALIFED from the Hungarian GPNATHAN SALT IN BUDAPEST: The Aston Martin driver finished second, behind Alpine's Esteban Ocon, in a race that saw five cars forced into retirement after a pile-up on the first corner.
Read more »
Lidl claims to remove one billion pieces of plastic from storesThe supermarket has pledged to double this figure by 2022
Read more »
Love Island Millie's sister replaces necklace after Liam appears to give it awayLove Island star Millie Court's family and friends shared their support to the blonde beauty after Liam Reardon's Casa Amor antics
Read more »
Tokyo Olympics: Team GB win gold medals in swimming medley and mixed triathlon relaysTeam GB has now secured seven medals in the swimming at Tokyo2020 - four gold, two silver, and one bronze - matching a tally last seen at the 1908 Olympics in London
Read more »
Firms could face legal action over 'discriminatory' no jab no job policiesSome companies have said new employees must be double vaccinated.
Read more »