Investing.com - HSBC reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
HSBC announced earnings per share of $0.0661 on revenue of $8.89B. Analysts polled by Investing.com anticipated EPS of $0.0991 on revenue of $8.85B.
HSBC shares are up 21% from the beginning of the year and are trading at $546.80 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 1.35% from the start of the year.
HSBC shares lost 100.00% in pre-market trade the report.
HSBC follows other major Financial sector earnings this month
HSBC's report follows an earnings matched by State Bank India on February 5, who reported EPS of $1.27 on revenue of $5.27B, compared to forecasts EPS of $1.27 on revenue of $5.27B.
Standard Chartered had missed expectations on Thursday with fourth quarter EPS of $-0.057 on revenue of $3.33B, compared to forecast for EPS of $0.1015 on revenue of $3.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar