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Ticker Summary (HBC)

50.68+0.32 (+0.64%)
Open	50.78
High	50.99
Low	50.35
Volume	1,706,808
Market Cap	N/A
52 Week High	64.42
52 Week Low	43.25
P/E	N/A
F P/E	8.96
EPS	N/A
Dividend	1.30
Yield	2.58%
1 Year Target	56.54

HBC 50.68 +0.64%

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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