Investing.com - HSBC ADR reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HSBC ADR announced earnings per share of $1.4 on revenue of $13.14B. Analysts polled by Investing.com anticipated EPS of $0.9533 on revenue of $12.81B.
HSBC ADR shares are up 4.15% from the beginning of the year and are trading at $33.77 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
HSBC ADR shares gained 7.55% in pre-market trade the report.
HSBC ADR follows other major Financial sector earnings this month
HSBC ADR's report follows an earnings beat by Berkshire Hathaway A on Tuesday, July 19, 2022, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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