HSBC pre-tax profit climbs 6.6% to $32.2bn; plans $1.5bn cost savings by end of 2026

HSBC’s profit before tax (PBT) climbed by $2 billion to $32.3 billion for the financial year ending December 31, 2024, according to a regulatory announcement; profit after tax increased by $400 million to $25 billion. Overall revenue across the group climbed from $66 billion in 2023 to $66.85 billion last year. 

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