HSBC is trading 5.42% down at £1,291.40 after third-quarter revenue missed forecasts.
- The October 27 sell-off followed revenue of $18.6 billion, below forecasts, and flat wealth-division revenue of $2.7 billion.
- Pre-tax profit rose 32% to $9.6 billion, slightly below consensus; performance guidance was unchanged.
- A buyback of up to $1 billion did not offset investor concerns about revenue and wealth growth.