HSBC: 2Q Earnings Snapshot
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.