The group released a strong set of underlying results boosted by seasonality and a benign cost of risk. The cost savings programme is on track. The equity position improved markedly driven by earnings retention, ahead of plan RWA reduction and FX.
04 May 2017
Strong but unsustainable underlying results
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Strong but unsustainable underlying results
HSBC Holdings Plc (HSBA:LON) | 619 24.8 0.7% | Mkt Cap: 117,557m
- Published:
04 May 2017 -
Author:
David Grinsztajn -
Pages:
2
The group released a strong set of underlying results boosted by seasonality and a benign cost of risk. The cost savings programme is on track. The equity position improved markedly driven by earnings retention, ahead of plan RWA reduction and FX.