Banking

HSBC profit suffers 62% drop

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.

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This chart shows the profit before tax of HSBC in 2015 and 2016.

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Profit before tax of HSBC from 2nd quarter 2014 to 3rd quarter 2025 (in million U.S. dollars)
Profits of HSBC from 2007 to 2025 (in billion U.S. dollars)
Value of profit/loss before tax of HSBC in North America in 2024, by banking segment (in million U.S. dollars)
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Total profit of HSBC Private Bank in Luxembourg from 2015 to 2022 (in million euros)
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Net operating income of HSBC from 2nd quarter 2014 to 3rd quarter 2025 (in million U.S. dollars)
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Total operating income of HSBC from 2009 to 2024 (in billion U.S. dollars)

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