Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

One-off items hit the bottom line
Thursday 23 Feb 2017 Author: Tom Sieber

Giant banking firm HSBC (HSBA) is in the doghouse after delivering a 62% year-on-year decline in 2016 profit thanks to a number of one-off items. The $7.1bn figure is a long way short of the $14bn expected by analysts. Recent top-line trends do not look too encouraging either with $11bn of revenue in the fourth quarter against the $12.3bn consensus forecast. (TS)

‹ Previous2017-02-23Next ›