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HSBC HOLDINGS Narrows London Stock Price Slip to 2.7%; Lasting Price 2.3% Above HK Closing Price
Recommend 25 Positive 29 Negative 26 |
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HSBC HOLDINGS (00005.HK) saw its stock price descend in early London trading, bottoming at GBX920.5 (HKD96.64). It last slid 2.7% at GBX944.3 (HKD99.14), 2.3% above its Hong Kong closing price of HKD96.95. HSBC announced its interim results at noon, reporting a 27% YoY shrinkage in reported PBT to USD15.81 billion, in line with the forecasts of three brokers as compiled by our reporters; basic EPS equaled USD0.65. The second interim DPS remained at USD0.1. Also, the bank plans to initiate a share buyback of up to USD3 billion, expected to be completed before the announcement of the 3Q results. AASTOCKS Financial News Website: www.aastocks.com |
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