The HSBC share price doesn’t know what to do after the bank releases its 2024 results
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A bit like the Grand Old Duke of York in the nursery rhyme, the HSBC (LSE:HSBA) share price was up and down in early trading today (19 February).
At first, it was up nearly 1%. But then it fell 1.5%, before recovering again. It’s almost as though investors were unsure what to make of the bank’s 2024 results.
But the headline figures look good to me.
Beating expectations
For the year ended 31 December 2024, it reported a profit after tax of $25bn, an increase of $440m (1.8%) on 2023. This includes some notable one-off items, such as a profit on disposal of its operations in Canada ($4.8bn) and a loss arising from its decision to exit Argentina ($6.1bn). Exclude these and the…
