HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
Publishing timestamp: 2024-02-21 06:12:38
Summary
HSBC's pre-tax profit climbed in 2023 but missed analyst estimates, leading to a drop in London-listed shares. The bank announced a share buyback and potential special dividend. Despite challenges, HSBC is focusing on expanding in Asia and increasing non-interest income revenue sources.
Sentiment: MIXED
Keywords: banks, london, hang seng index, breaking news: earnings, asia economy, dividends, business, earnings, breaking news: markets, breaking news: asia, breaking news: europe, china, hong kong, business news, hsbc holdings plc,