HSBC Q2 profit before tax jumps 60% to $10.1B, beating estimates on strong revenue growth.

HSBC reported a 60% year-on-year increase in second-quarter pre-tax profit, reaching $10.1 billion, surpassing analyst expectations. This growth was driven by a 16% rise in revenue to $19.1 billion, boosted by a $1.3 billion one-off gain and a 9% increase in net interest income. Operating expenses declined by 2%, aided by lower restructuring costs. HSBC also announced a second interim dividend and plans a $1 billion share buyback to be completed by Q3 results.