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HSBC Reports Drop in 2014 Profits; Share Fall (HSBC)

Before the opening bell on Monday, London-based bank HSBC Holdings (HSBC ) 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.

HSBC Dividend Snapshot

As of market close on February 20, 2015

HSBC dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of HSBC vdividends.

The Bottom Line

HSBC (HSBC ) is not recommended at this time, holding a 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.