For the second quarter ended on 30 June 2013, its earnings per share stood at $1.6, compared to $1.21 during the corresponding period of 2012.
Revenue for the current quarter rose by 14% to $26bn, against $22.9bn, while the return on tangible common equity stood at 17%, compared to 15% during the same period prior year ago quarter.
Consumer & community banking (CCB) division posted a net income of $3.1bn, down by 6% compared to $3.2bn during the same period earlier year, due to lower net revenue and higher noninterest expense, partially offset by lower provision for credit losses.
Net revenue stood at $12bn, a decrease of 3%, from $12.4bn, while net interest income was $7.1bn, a marginal decline of 1%, compared with the prior year, mainly driven by lower deposit margins and lower loan balances.
Corporate & investment bank (CIB) division’s net income increased by 19% to $2.8bn, versus $2.3bn, during the comparable period prior year, due to higher net revenue, partially offset by higher noninterest expense.
Net revenue jumped to $9.9bn, with an increase of 10% versus $9bn during the year ago quarter.
Commercial banking (CB) division net income fell by 8% to $621m, against $673m, while net revenue grew by 2% to $1.7bn, from $1.6bn during the corresponding period a year ago.
Asset management (AM) division net income stood at $500m, up by 28%, from $391m, while net revenue rose by 15% to $2.7bn, compared to $2.3bn during the same period last fiscal.
