Europe's largest bank tops expectations with rebounding profit

HSBC said on Monday that reported profit before tax went up by 4.58 percent year-over-year to $10.71 billion in the six months of 2018. HSBC HSBA-GB , Europe's largest bank, made a comeback by beating estimates in its financial results for the first half of 2018 — following a surprise fall in profits in the first quarter. The bank said on Monday that reported profit before tax went up by 4.58 percent year-over-year to $10.71 billion in the first six months of 2018 — beating analyst estimates of $10.38 billion, according to data compiled by Reuters.