Adverse Capital Markets Drag on HSBC 4Q Result
Adverse capital markets conditions experienced globally in the fourth quarter were a drag on HSBC’s result, resulting in lower trading income and net fee income against previous quarters. The weaker trading income was consistent with European and U.S. peers while banks in Asia posted a decline in net fee income on lower brokerage and sales from investment products. For HSBC, the lower income in the fourth quarter resulted in negative jaws, or operating growth outpacing revenue growth, for the fu...
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.
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