- HSBC Holdings net profit of $5.2B falls from $6.4B a year ago. Underlying revenue of $15.7B off 8%. Underlying costs up 2% as higher compliance costs win out over trims elsewhere.
- Investment banking pretax profit off 20%. FICC (slowing throughout the industry) accounts for 25% of unit's revenue.
- Asian pretax profit off 32%, at least some of that due to a $1.8B gain from Ping An and Industrial Bank a year ago. HSBC says April activity has been "muted."
- Shares -1.2% premarket
- Press release
From other sites
Video at CNBC.com (Jun 10, 2015)
Video at CNBC.com (Jun 9, 2015)
Video at CNBC.com (May 19, 2015)
Video at CNBC.com (May 5, 2015)
Video at CNBC.com (Feb 26, 2015)
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