HSBC has reported a 66 percent jump in third-quarter net profit despite a drop in earnings from its global banking and markets division.

For the three months ending Sept. 30, HSBC said Wednesday, November 9, that its net profit was $5.2 billion, up from $3.2 billion a year earlier. Operating income was up 15 percent to $21.5 billion.

Pretax profit its global banking and markets division slumped to $1 billion from $2.1 billion a year earlier.

For the first nine months of the year, the bank said net profit was up 46 percent to $14.4 billion, and operating income rose by 7.4 percent to $63.8 billion, The Associated Press reported.