HSBC 2019 profit falls 33%, misses estimates
HSBC Holdings PLC
on Tuesday posted a fall of 33% in annual profit,
lagging analyst estimates, mainly due to a goodwill impairment
of $7.3 billion related to its investment banking and commercial
banking businesses in Europe.
on Tuesday posted a fall of 33% in annual profit,
lagging analyst estimates, mainly due to a goodwill impairment
of $7.3 billion related to its investment banking and commercial
banking businesses in Europe.
Posted by Reuters
