MARKET TALK: HSBC Beats Expectations On Lower Provisions -Citi

2nd Aug 2010 10:50

0950 GMT [Dow Jones] HSBC Holdings (HBC) beat expectations on lower provisions for the first half of the year, says Citigroup. Adds investment banking also better-than-expected, driven by trading income and lower impairments. Pretax profit from Hong Kong also ahead of consensus. Keeps stock at hold with 700p target. Shares +5.2% at 680p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires August 02, 2010 05:50 ET (09:50 GMT)

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