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HSBC: stock down after 9m results.

(CercleFinance.com) - The HSBC share is down 1.
7% in London today, after the financial giant published adjusted net income of 5.4 billion dollars for the first nine months of 2017, down 100 million dollars year-on-year.

Still on an adjusted basis, taxable income rose by 8% to 17.4 billion dollars, on revenues that were up 3% at 39.1 billion dollars, led by the group's retail-wealth management and commercial banking divisions.

Stuart Gulliver, Group Chief Executive, said, “Our international network continued to deliver strong growth in the third quarter, and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong.”

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