Hsbc 2021 Profits Nearly Double 2020 Profits Despite Lower Revenue
The company’s annual EPS increased from $0.19 last year to $0.62, far above pandemic levels. In 2019, the company had a reported EPS of $0.30. The bank announced that, though adjusted profits have nearly doubled over the previous year ($21.9 billion compared to $12.3 billion), adjusted revenue was down 3% for the year. HSBC said in the press release that the decrease in revenue was due to lower global interest rates and a decrease in revenue in Markets and Securities Services....