05-March-2021
Corporate News
 
HSBC pays dividends again after beating estimates on 2020 profit
23-Feb-2021

HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19 pandemic. Europe’s largest bank by assets, which makes most of its revenues in Asia, said its reported profit before tax for 2020 fell 34% from a year ago to $8.78 billion. That beat analyst expectations of $8.33 billion, according to estimates compiled by HSBC. Reported revenue was $50.43 billion for the year, down 10% from 2019.

News Source:- https://www.cnbc.com/2021/02/23/hsbc-reports-fourth-quarter-full-year-2020-earnings.html