BUZZ-HSBC's HK shares rise most in 4 months on FY profit beat

Reuters14:41
BUZZ-<a href="https://laohu8.com/S/HSBC">HSBC</a>'s HK shares rise most in 4 months on FY profit beat

** HK shares of HSBC Holdings 0005.HK rise 4.1% to HK$140.8; on track for biggest one-day pct gain since October 28

** Stock hits highest since February 10; top pct gainer on Hang Seng Finance Index .HSNF, which is up 1.1%

** HSBC HSBA.L reports 7% y/y drop in FY pretax profit, hurt by $4.9 billion of one-off charges

** Europe's largest bank raises target for return on tangible equity, a key profit metric for banks, to "17% or better" through 2028, up from its "mid-teens" target set for three years through 2027

** YTD, HK stock up 14.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment