HSBC were expected by analysts to post Q4 results today that would take the bank's total profit before tax for 2016 to $13.3 billion. Instead, the figure was $7.1 billion and some 62 percent lower that posted in 2015. The bank’s share price has of course taken a hit, with an initial 4.5 percent decrease. Chief among the reasons for the unexpectedly large fall are a $3.2 billion impairment of goodwill for its European global private banking business and the disposal of operations in Brazil.
Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more.
Any more questions?
Get in touch with us quickly and easily.
We are happy to help!
Statista Content & Design
Need infographics, animated videos, presentations, data research or social media charts?