Investing.com - HSBC reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
HSBC announced earnings per share of $0.1223 on revenue of $9.01B. Analysts polled by Investing.com anticipated EPS of $0.1306 on revenue of $9.13B.
HSBC shares are up 4% from the beginning of the year and are trading at $396.15 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 9.62% from the start of the year.
HSBC follows other major Financial sector earnings this month
HSBC's report follows an earnings beat by Sberbank on Thursday, who reported EPS of $0.764 on revenue of $8.54B, compared to forecasts EPS of $0.6989 on revenue of $8.09B.
Lloyds Banking had beat expectations on Thursday with second quarter EPS of $0.0281 on revenue of $3.9B, compared to forecast for EPS of $0.0235 on revenue of $3.88B.
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