Tuesday, February 23, 2021

HSBC Stock Down On Weak FY20 Results, To Pay Dividend

Shares of HSBC Holdings Plc were losing around 2 percent in London trade as well as in pre-market activity on the NYSE after the Asia-focused British lender reported Tuesday sharp drop in fiscal 2020 profit with weak revenues and margin. Further, the company announced dividend. Looking ahead, the company said it no longer expects to reach return on average tangible equity or RoTE target.

from RTT - Earnings https://ift.tt/37FeBe0
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