Shares of HSBC Holdings PLC
HSBC
-3.57%
UK:HSBA
-4.60%
HK:5
-0.53%
fell over 5% on Monday after the banking group posted a profit that
fell short of expectations. Full-year 2013 pretax profit for HSBC rose
9% to $22.56 billion compared to $20.65 billion a year ago. A consensus
forecast of analysts polled by Bloomberg News was calling for a profit
of $24.6 billion. In the fourth quarter, pretax profit fell to $3.96
billion from $4.43 billion in the year-ago period.
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