HSBC rallies despite drop in earnings

Shares in HSBC (HSBA) gained 4% to £13.45 despite the global banking group posting a 7% drop in FY25 earnings. The bank took a swathe of charges last year for asset writedowns, legal provisions, restructuring and related costs. Share price: £13.45 (+4.2%) PE: 19.3x Market cap: £233bn Yield: 3.7% Beating and raising After a strong … Continue reading HSBC rallies despite drop in earnings