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Before the opening bell on Monday, London-based bank HSBC Holdings Liquid error: internal released its financial results for FY2014.
HSBC’s Earnings in Brief
- Earnings attributable to shareholders fell 16% to $13.12 billion, or 69 cents per share. Last year, the company posted EPS of 84 cents.
- Revenue declined to $61.25 billion from $64.65 billion last year.
- Looking ahead to FY2015, the company reported that its performance so far in 2015 has been satisfactory.
CEO Commentary
HSBC’s CEO Stuart Gulliver commented: “2014 was a challenging year in which we continued to work hard to improve business performance while managing the impact of a higher operating cost base. Profits disappointed, although a tough fourth quarter masked some of the progress made over the preceding three quarters.”
HSBC’s Dividend
The ADR version of HSBC shares currently pays a 50 cent quarterly dividend. We expect the next dividend to be declared in the coming weeks.
Stock Performance
Shares of HSBC were down $2.54, or 5.44%, during pre-market trading Monday. The stock is down 1.16% YTD.
The Bottom Line
HSBC Liquid error: internal is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
