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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%

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 275 days ago by Tim

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