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Ticker Summary (HBC)

51.00-0.17 (-0.33%)
Open 50.39
High 51.07
Low 50.38
Volume 773,246
Market Cap N/A
52 Week High 64.42
52 Week Low 25.75
P/E N/A
F P/E 13.54
EPS N/A
Dividend 1.70
Yield 3.32%
1 Year Target 62.55

HBC 51.00 -0.33%

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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2 years 104 days ago by Tim

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