HSBC Holdings 1H24 Adj. EPADS $3.40 Down From $3.50 YoY, Revenue $37.292B Up From $36.876B YoY
Portfolio Pulse from Benzinga Newsdesk
HSBC Holdings reported its first half of 2024 adjusted earnings per American Depositary Share (EPADS) at $3.40, down from $3.50 year-over-year. However, revenue increased to $37.292 billion from $36.876 billion year-over-year.
July 31, 2024 | 5:25 am
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HSBC Holdings reported a decrease in adjusted EPADS to $3.40 from $3.50 YoY, while revenue increased to $37.292 billion from $36.876 billion YoY. The mixed results may lead to short-term volatility in the stock price.
The decrease in adjusted EPADS may concern investors, but the increase in revenue shows some positive momentum. This mixed performance could lead to short-term volatility in HSBC's stock price.
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