The group’s earnings surprise was driven by goodwill impairments. On the negative side, management upgraded, albeit slightly, its full-year loan impairments guidance and warns about revenue and CET1 pressure. It also reckoned that the tensions between the US and China will impact the group.
03 Aug 2020
Increased cost of risk guidance
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Increased cost of risk guidance
HSBC Holdings Plc (HSBA:LON) | 638 28.1 0.7% | Mkt Cap: 120,473m
- Published:
03 Aug 2020 -
Author:
David Grinsztajn -
Pages:
2
The group’s earnings surprise was driven by goodwill impairments. On the negative side, management upgraded, albeit slightly, its full-year loan impairments guidance and warns about revenue and CET1 pressure. It also reckoned that the tensions between the US and China will impact the group.