Europe’s largest lender HSBC saw shares climb Wednesday after reporting annual earnings fell to $29.9 billion from $32.3 billion year-over-year. The banking giant’s forward guidance for enhanced returns and steady dividend payments through 2026 boosted investor sentiment despite the profit decline.
HSBC STOCK JUMPS DESPITE 7% PROFIT DROP AS BANK SETS AMBITIOUS 2026 TARGETS
Filed under: Industry News, Institutional