HSBC, the largest bank in Europe, issued a financial report on Tuesday that missed expectations on several fronts after the difficult fourth quarter, when markets around the world suffered a sharp sale and a decline in activity.
The bank's Hankang shares shrank by about 2% after the lunch break
Other financial indicators observed by analysts and investors:
- Net interest margin, lending rate indicator This was 1.66 percent as at 31 December 2018 This is higher than 1.63 percent seen a year ago.
- Earnings per share for 2018 was $ 0.63, which is higher than $ 0.48 a year ago.
- The first-tier co-operative capital ratio – the bank's share capital in assets – amounted to 14 percent at 31 December, compared with 14.5 percent at the end of 2017.
Despite missing forecasts, HSBC Chief Financial Officer Aven Stephenson said he was "very pleased" with the latest set of results, adding that the complex trading environment at the end of 2018 led to a decline in revenue in the fourth quarter compared with the previous three months
"We were heavily hit by unfavorable markets in November and December, which meant we saw a revenue decline of about a billion dollars compared to [the third-quarter]," said Stevenson Junma Berchez on Tuesday
Growth I expected lower incomes than expected that HSBC lost its positive jaw goals until 2018. Jawbone ratios are positive when income is rising faster than costs. HSBC's jaws were minus 1.2% for the year.  "We were very disappointed that we missed the healing goals for the year," said the finance director, adding that the bank will continue to work on achieving a positive jaw correlate in 2019.