HSBC is set to report third-quarter earnings today. Here's what to expect

The London-headquartered bank is scheduled to release its financial report card for the July-to-September quarter on Tuesday at 12 p.m. HK/SIN.

Provisions for expected credit losses at the bank are forecast to increase by $2.02 billion in the quarter, the estimates showed.While signs of recovery may not be "very robust" right now, the bank's prospects could start to improve from here if Covid-19 cases around the world don't get much worse, said Jackson Wong, asset management director at Amber Hill Capital.

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