for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Banks

HSBC shares fall in Hong Kong trading after below-forecast 2015 profits

HONG KONG (Reuters) - Shares of HSBC Holdings Plc 0005.HK fell in early afternoon trading after the bank reported flat 2015 earnings that were short of analysts' expectations.

Hong Kong-traded shares were down as much as 0.7 percent, reversing gains of 2 percent earlier in the session.

The bank reported profit before tax of $18.87 billion for 2015 against $18.7 billion the year before, below the average analysts’ estimate of $21.8 billion, according to Thomson Reuters data.

Reporting by Elzio Barreto; Editing by Miral Fahmy

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up