European Shares Fall as HSBC Drops 6.9% on Revenue Miss
European shares fell after HSBC revenue came in below estimates, partly due to slower growth at its wealth business. HSBC shares dropped 6.9%, while tensions in France added to investor caution.
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08:20:02 AM UTC
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Shares in HSBC Holdings plummet after the London-based bank missed expectations for its banking net interest income and wealth business. Performance was soft in the third quarter in both units, Barclays analysts say. Net interest income was hit in particular by rising deposit costs, which is a broa…
European shares fell on Tuesday after disappointing earnings from HSBC weighed on banking shares, while ongoing tensions in France added to investor caution.HSBC LSE:HSBA fell 6.9%, after Europe's largest bank's revenue came in below estimates, in part due to slower growth at its wealth business.Th…