Investing.com - HSBC reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HSBC announced earnings per share of $0.41 on revenue of $25.23B. Analysts polled by Investing.com anticipated EPS of $0.1558 on revenue of $10.4B.
HSBC shares are up 14% from the beginning of the year and are trading at $513.70 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 4.37% 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 beat by Lloyds Banking on Wednesday, who reported EPS of $0.0207 on revenue of $4.34B, compared to forecasts EPS of $0.0155 on revenue of $4.18B.
NatWest Group had beat expectations on Friday with second quarter EPS of $0.1 on revenue of $3.18B, compared to forecast for EPS of $0.064 on revenue of $2.9B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar