Printer Friendly

JPMorgan says HSBC's profit may fall.

Global Banking News-28 July 2008-JPMorgan says HSBC's profit may fall(C)2008 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 28 July 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

US-based investment bank JPMorgan Chase (NYSE: JPM) has announced that first half profits at HSBC Holdings (LSE: HSBA) may fall.

According to JPMorgan Chase, HSBC Holdings could report a 28 percent decline in pretax profit in the first half of the year due to slowing revenue growth. The London-based bank may report a decrease in pretax income to USD10.3bn from USD14.2bn reported last year, according to analysts at JPMorgan Chase.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications Ltd - http://www.m2.com))
COPYRIGHT 2008 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Jul 28, 2008
Words:128
Previous Article:Citigroup's bid to dismiss Parmalat lawsuit fails.
Next Article:JPMorgan Cazenove names CEO.
Topics:


Related Articles
The bonding of HSBC: John Bond turned a local bank into a global institution. Now his era is passing.
Morgan Stanley says HSBC may need capital.
Goldman and JPMorgan make profit from HSBC stock sale.
HSBC rights issue subscribed by over 90%.
Analysts believe JPMorgan and Goldman Sachs may report higher earnings.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters