Investing.com - HSBC ADR reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
HSBC ADR announced earnings per share of $0.85 on revenue of $12.52B. Analysts polled by Investing.com anticipated EPS of $0.9 on revenue of $12.55B.
HSBC ADR shares are up 4% from the beginning of the year and are trading at $27.43 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 9.62% from the start of the year.
HSBC ADR shares lost 0.51% in intra-day trade the report.
HSBC ADR follows other major Financial sector earnings this month
HSBC ADR's report follows an earnings beat by Bank of America on Wednesday, July 14, 2021, who reported EPS of $1.03 on revenue of $21.47B, compared to forecasts EPS of $0.7706 on revenue of $21.8B.
Wells Fargo&Co had beat expectations on Wednesday, July 14, 2021 with second quarter EPS of $1.38 on revenue of $20.27B, compared to forecast for EPS of $0.9752 on revenue of $17.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar