HSBC Shares Tumble 6% After Q3 Revenue Disappoints

HSBC (NYSE:HSBC) Releases Earnings Results, Misses Expectations By $0.10 EPS

HSBC (NYSE:HSBC - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.10). HSBC had a return on equity of 13.80% and a net margin of 18.19%. The business had revenue of $18.68 billion during the quarter, compared to analysts' expectations of $18.98 billion.

HSBC shares tumble 6% after Q3 revenue disappoints

HSBC's shares slid 6% today after its revenue undershot estimates and growth at its wealth business slowed, highlighting the challenge big banks face to sustain recent record profits.

HSBC shares drop 5.6% despite strong quarterly profit, US$1b buy-back

Investors sell after net interest income falls US$2.6 billion short of analysts’ estimate.

Absence of positive surprises pulls down HSBC shares