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HSBC: 2Q Earnings Snapshot

August 6, 2019

LONDON (AP) _ HSBC Holdings PLC (HSBC) on Monday reported net income of $4.37 billion in its second quarter.

The bank, based in London, said it had earnings of $1.05 per share.

The bank posted revenue of $14.94 billion in the period. Its revenue net of interest expense was $14.09 billion, which topped Street forecasts.

HSBC shares have decreased almost 7% since the beginning of the year. The stock has declined 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSBC at https://www.zacks.com/ap/HSBC

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