Cardano (ADA) and Poodlana (POODL): Two Intriguing Cryptocurrency Opportunities

Cardano (ADA) has faced considerable scepticism in recent weeks, with its price dropping significantly. However, some analysts see a bullish future ahead.

Cardano ADA Cryptocurrency Memes Poodlana Token Presale Web Stories HSBC (0005) announced its first half results and performed well. Pre-tax profit in the first half of the year surged 33.7% year-on-year to US$21 billion, which far exceeded market expectations. Benefiting from rising interest rates, HSBC's net interest income in the first half of the year surged 17.3% year-on-year to US$16.34 billion. In addition, HSBC's credit impairment expenses in the first half of the year decreased by 7.5% year-on-year to US$710 million.

However, HSBC’s other business income in the first half of the year fell 11.3% year-on-year to US$9.13 billion. Among them, global banking and capital markets business revenue decreased by 22.3% year-on-year to US$4.59 billion. HSBC explained that due to the violent market fluctuations and active trading activities in the same period last year, it returned to normal levels this year, resulting in a decrease in revenue.

HSBC paid an interim dividend of US$0.18 per share in the first half of the year, an increase of 10% year-on-year. HSBC said it will continue to manage capital prudently and reward shareholders when appropriate.

HSBC Global Private Banking and Wealth Management business performed satisfactorily, with profit before tax in the first half of the year increasing 21.3% year-on-year to US$5.11 billion. In addition, HSBC's Asian business also performed well, with pre-tax profit in the first half of the year increasing 13.4% year-on-year to US$11.03 billion.

Noel Quinn, Chief Executive Officer of HSBC, said that the strong performance in the first half of the year reflects HSBC’s efforts in helping customers realize their vision and its ability to manage risks in a volatile market environment. He continued that HSBC will continue to focus on growth plans and return to shareholders at the appropriate time.

HSBC’s stock price closed at HK$55.5 on Tuesday (9th), down 0.18%.

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