HSBC Reports Mixed 1H Results as Investment Outlays Drag on Good Segment Performance
Narrow-moat HSBC reported mixed first-half results as profits before tax increased 5% to $10.7 billion, helped by advantageous currency movements and net favourable changes in significant items. Cleaned of these effects, adjusted profits before tax lagged with a decline of 2% to $12.1 billion compared with the same period last year. Revenue growth of 2% on an adjusted basis and lower expected credit losses of $407 million did help results but were ultimately more than offset by 8% higher operati...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.