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HSBC's 2016 Pre-Tax Profit Slumps 62%

HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back.

Nikkei Boosted By Weaker Yen

Japanese stocks rose on Tuesday as the weaker yen helped overall sentiment, while the paper sector outperformed on a report that a major producer intends to raise printing paper prices.

HSBC's 2016 Pre-Tax Profit Slumps 62%

HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back.

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Earnings

HSBC's 2016 Pre-Tax Profit Slumps 62%

HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back.

Has the Market Overreacted to the Potential of Trump’s “Phenomenal” Tax Plan?

By Christopher Versace via Iris.xyz With little in the way of economic data last week amid the continued earnings announcements maelstrom, the driver of the market’s climb was more political than fundamental. On Thursday, Feb. 9, President Donald Trump said that in the coming weeks he would announce something “phenomenal” in terms of tax, although he offered no further details. We are all for tax…

Don’t Be Like Most Advisors Who Won’t Realize Their Business Vision

By Julie Littlechild via Iris.xyz We work in an industry in which two-thirds of advisors say they are NOT on track to realize their business vision. I find that sad, if not surprising. It’s sad for obvious reasons. It’s not entirely surprising because I’ve lived in the data for so long, digging deep into how advisors…

Advisors: Three Ways to Increase Profitability

By Jennifer Goldman via Iris.xyz If something takes longer to do than it should, you: – Won’t do it – Will spend more $$$ on labor – Will be LESS responsive to clients – Will under utilize your staff and they will quit, either mentally or physically This is why contact segmentation, business servicing modeling, and…