HSBC pretax profit beats estimates, boosted by higher net interest income and fees

Dado Ruvic | ReutersHSBC reported second-quarter pre-tax profit of $10.1 billion on Tuesday, exceeding analysts' estimates on the back of stronger growth in banking net interest income and other higher fees. Revenue at Europe's largest lender gained 16% year-on-year, helped by a one-off gain of $1.3 billion from notable items. Second-quarter profit before tax rose 60% year-on-year, also helped by a net favorable impact from notable items of $2.6 billion, the company said. Here are HSBC's second-quarter results compared with the consensus estimates compiled by the bank.Pre-tax profit: $10.1 billion vs. $9.51 billionRevenue: $19.1 billion vs. $18.57 billionNotable items included costs associated with a $200 million restructuring, HSBC said in a statement.HSBC's net interest income rose 9% in