DBRS Morningstar: HSBC Bank Canada Reports Growth in Q4 2019 Earnings Caused by Higher Fee and Trading Income
HSBC Bank Canada (HSBC or the Bank) reported Q4 2019 net income of $157 million, a 5% increase quarter over quarter (QOQ), as revenue growth was partially moderated by growth in credit impairment charges. Total revenue largely benefit-ted from higher trading income coupled with growth in fee income, while operating expenses increased mildly as the Bank continues to invest in productivity enhancements and technology.HSBC Bank Canada is a full service, internationally owned bank in Canada. Co. offers a range of products and services to targeted segments of the financial services market through four major customer groups: Personal Financial Services; Commercial Banking; Global Banking and Markets; and Consumer Finance.
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