HSBC Profit Surges 32% to $9.63 Billion, Just Shy of Forecasts

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‼️ 🇬🇧 BREAKING: HSBC’s third-quarter pretax profit rose 32% to $9.63 billion, narrowly missing the $9.69 billion consensus estimate compiled by the bank. Revenue increased to $18.6 billion from $17.8 billion a year earlier but fell short of the $18.93 billion forecast. Net interest income climbed 6% to $9.3 billion, while operating expenses fell 12%.

AI Investing: Don’t Chase Winners. Don’t Mistake Losers for Bargains

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‼️ 🧠 AI: Buying the laggards is not a valuation strategy. Neither is paying any price for the winners

Read More: https://bit.ly/Fund-Long-Short

📌 This is why our Fund profits from buying winners when they drop and shorting weak companies when they go up 

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