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HSBC's FY'17 net attributable profit jumps YOY to $9.68B from $1.30B


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HSBC's FY'17 net attributable profit jumps YOY to $9.68B from $1.30B

HSBC Holdings Plc posted full-year 2017 net profit attributable to ordinary shareholders of the parent company of $9.68 billion, compared with $1.30 billion earned in 2016.

The British lender reported EPS of 48 cents, compared with prior-year EPS of 7 cents. The S&P Capital IQ consensus normalized mean EPS estimate for the period was 70 cents.

The bank reported net interest income of $28.18 billion, a year-over-year decline from $29.81 billion.

HSBC noted that its 2016 results included a $3.24 billion write off of goodwill in its global private banking business in Europe.

More details to follow.