Investing.com - HSBC reported second quarter earnings that beat analysts' expectations on Sunday and revenue that topped forecasts.
The firm reported earnings per share of £0.18 on revenue of £12.33B. Analysts polled by Investing.com expected EPS of £0.17 on revenue of £11.31B. That compared to EPS of £0.16 on revenue of £10.58B in the same period a year earlier. The company had reported EPS of £0.16 on revenue of £11B in the previous quarter.
For the year, HSBC shares are down 2.19%, under-performing the FTSE 100 which is up 7.71% year to date.
HSBC follows other major Financial sector earnings this month
On Wednesday, Lloyds Banking reported second quarter EPS of £0.02 on revenue of £4.5B, compared to forecasts of EPS of £0.02 on revenue of £4.64B.
Barclays earnings matched analyst's expectations on Thursday, with second quarter EPS of £0.06 on revenue of £5.54B. Investing.com analysts expected EPS of £0.06 on revenue of £5.2B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar