Investing.com - HSBC reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HSBC announced earnings per share of $0.0214 on revenue of $8.42B. Analysts polled by Investing.com anticipated EPS of $0.0105 on revenue of $8.33B.
HSBC shares are up 13% from the beginning of the year and are trading at $431.65 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 3.21% from the start of the year.
HSBC shares lost 100.00% in pre-market trade after the report.
HSBC follows other major Financial sector earnings this month
HSBC's report follows an earnings beat by Barclays on Thursday, who reported EPS of $0.013 on revenue of $4.94B, compared to forecasts EPS of $-0.0054 on revenue of $4.58B.
NatWest Group had missed expectations on Friday with fourth quarter EPS of $-0.009 on revenue of $2.54B, compared to forecast for EPS of $-0.001 on revenue of $2.64B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar