Many people are asking when HSBC is going to report. The answer – the full year 2008 HSBC Holdings plc earnings release will be Mar 2, 2009 at 7:00AM EST. It will be interesting, and plenty can happen between now and then. Just look at RBS (Royal Bank of Scotland) with a drop of 69 percent on Tuesday January 20, 2009. Here is a link to key developments for HSBC ADR. There is nothing exciting there.
A few layoffs here and there in Taiwan and India will not reduce expenses enough to satisfy investors. HSBC’s liability for some of Benard Madoff’s ponzi scheme was rejected by HSBC as the bank claims no responsibility.