HSBC reports third-quarter pretax profit in line with estimates on net income boost

Banking giant HSBC on Tuesday reported third-quarter pretax profit that largely met analysts' estimates complied by the lender. Revenue at HSBC rose to $18.6 billion from $17.8 billion in the same period last year, while third-quarter profit before tax increased 32%. Here are HSBC's third -quarter results compared with the consensus estimates compiled by the bank. The bank's net interest income rose 6% from a year earlier to $9.3 billion in the third quarter, while operating expenses decreased 12%. HSBC announced in September that it had completed its approximately $1 billion share buyback program, repurchasing approximately 48.7 million shares across the U.K. and Hong Kong markets for cancellation.