HSBC pre-tax profits more than double to $5.4 billion in Q3

HSBC's pre-tax profit more than doubled on-year in the third quarter, the firm said Monday, as chief executive Noel Quinn declared "the lows of recent quarters are behind us".

In a statement to the Hong Kong stock exchange the banking giant reported pre-tax profit in July-September had jumped from $2.3 billion to $5.4 billion while profit after tax came in at $4.2 billion, up from $2.2 billion.