MARKET TALK: HSBC Rises After Interim Results; Income In Line

2nd Aug 2010 09:25

0825 GMT [Dow Jones] HSBC (HSBA.LN) +4.8% at 677p, rising further following the release of its interim results. Net income is bang in line with expectations says a trader, coming in at $6.8B. A massive improvement in impairments, coming in at $7.52B. The falling cost of risk is very positive, the trader says, but warns that upside could be limited, with the results mostly in-line. FTSE 350 banks index is +3.9%, the strongest sector thus far, Monday. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires August 02, 2010 04:25 ET (08:25 GMT)