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Ticker Summary (HBC)

41.24-0.69 (-1.65%)
Open 41.95
High 41.95
Low 40.95
Volume 1,452,721
Market Cap N/A
52 Week High 86.50
52 Week Low 22.89
P/E N/A
F P/E 11.95
EPS N/A
Dividend 2.70
Yield 6.44%
1 Year Target 34.15

HBC 41.24 -1.65%

HSBC Reports 29% Drop in Profits (www.bloomberg.com)

HSBC Holdings, Europe's largest bank, reported its steepest decline in earnings since 2001. The company reported net income of $7.7 billion or 65 cents per share down from $10.9 billion or 94 cents per share a year prior. The company reported huge losses related to record numbers of subprime mortgage defaults and much slower profit growth from emerging markets.

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333 days 22 hours ago by Tim

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