Mubasher: London-based giant financial group HSBC on Tuesday reported a profit surge during 2017, beating analysts’ forecasts.

The bank’s adjusted profits before tax reached $20.99 billion last year, up 10.9% from profits of $19.67 billion in 2016.

Meanwhile, unadjusted profits surged 141.4% to $17.17 billion in 2017.

Full-year revenues also rose to $51.5 billion, compared with $47.96 billion in the previous year.

“Our focus will be on the dividend policy as well as the share buybacks,” wealth management strategist at Everbright Sun Hung Kai, Kenny Wen told CNBC on Tuesday.

However, HSBC’s stock last fell by 4.16% to GBP 728.9.