Investing.com - HSBC reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
HSBC announced earnings per share of $0.0661 on revenue of $8.89B. Analysts polled by Investing.com anticipated EPS of $0.0991 on revenue of $8.85B.
HSBC shares are up 21% from the beginning of the year and are trading at $546.80 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 5.2% from the start of the year.
HSBC shares lost 100.00% in pre-market trade following the report.
HSBC follows other major Financial sector earnings this month
HSBC's report follows an earnings matched by State Bank India on Saturday, February 5, 2022, who reported EPS of $1.27 on revenue of $5.27B, compared to forecasts EPS of $1.27 on revenue of $5.27B.
Standard Chartered had missed expectations on Thursday with fourth quarter EPS of $-0.057 on revenue of $3.33B, compared to forecast for EPS of $0.1015 on revenue of $3.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar