MARKET TALK: HSBC Loan Losses Offset Weaker Revenue - Oriel

2nd Aug 2010 10:33

0933 GMT [Dow Jones] Improved impairments on bad loans offsets slightly weaker revenue in HSBC Holdings' (HBC) 1H results, says Oriel Securities. It says profit figures met consensus estimates, as drops in both trading income and net interest income were balanced against impairments' sharp fall to $7.5Bln from $13.Bln in the first half of 2009. Oriel keeps add rating. Stock +4.3% at 674p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires August 02, 2010 05:33 ET (09:33 GMT)