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European bank earnings roundup

Aug. 03, 2016 2:03 AM ETHSBC Holdings plc (HSBC) StockHSBC, SCGLY, CRARY, CRARF, SCGLFBy: Yoel Minkoff, SA News Editor
  • HSBC cast doubt over reaching its profitability targets after first half earnings tumbled 29% on year - just shy of expectations - due to a slowdown in its key markets of Britain and Hong Kong.
  • Societe Generale (OTCPK:SCGLY) and Credit Agricole (OTCPK:CRARY) beat estimates, however, reporting a jump in Q2 net profit helped by a gain from their stake sales in Visa Europe.

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