HSBC 1Q 2018: Healthy Revenue Generation Supportive, Cost Increased Sharp by Legal Provisions
Narrow-moat and stable trend rated HSBC reported its first-quarter 2018 posted USD 3.1 billion net income for the quarter on a reported basis, indicating a 1.4% decline year over year. Operationally, the top line posted healthy growth of 6% when compared with last year, however, below the line total costs saw a sharp 13% increase due to the USD 897 million charges on legal matters. Following first-quarter 2018 earnings results, as mostly trending with our estimates, we will be reviewing our full...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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