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Ticker Summary (HBC)

51.17-1.02 (-1.95%)
Open 51.75
High 51.77
Low 50.92
Volume 3,650,828
Market Cap N/A
52 Week High 64.42
52 Week Low 25.75
P/E N/A
F P/E 13.81
EPS N/A
Dividend 1.70
Yield 3.26%
1 Year Target 62.55

HBC 51.17 -1.95%

Despite Sub-prime Losses HSBC Announces 21 Percent Profit for 2007 (www.businessweek.com)

Despite massive losses related to sub-prime loans, HSBC Holdings reported on Monday that its profit rose by 21 percent in 2007. HSBC noted that its 2008 outlook is uncertain and expects current market conditions to get continue to get much worse before improving. HSBC is now forecasting a turnaround may not happen until the end of 2009.

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2 years 109 days ago by Tim

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