Shares of HSBC Holdings Plc fell in early afternoon trading after the bank reported flat 2015 earnings that were short of analysts’ expectations.
Hong Kong-traded shares were down as much as 0.7 per cent, reversing gains of 2 per cent earlier in the session.
The bank reported a profit before tax of $18.87 billion for 2015 against $18.7 billion the year before, below the average analysts’ estimate of $21.8 billion, according to Thomson Reuters data.