HSBC Net Income Set to Rise With Standard Chartered Fueled by Asia Growth

HSBC Holdings Plc (HSBA) and Standard Chartered Plc, Britain’s two best-performing bank stocks last year, may say full-year profit rose as growth in Asia eclipsed the stagnating U.K. economy.HSBC may next week say earnings climbed 24 percent to $16.3 billion from the year-earlier period, helped by an accounting gain on the revaluation of its own debt, according to the median estimate of 19 analysts surveyed by Bloomberg. Net income at Standard Chartered will probably climb 9 percent to $4.73 billion, according to the median estimate of 17 analysts.

Source: Bloomberg