LONDON: HSBC Holdings plc, the world’s second largest bank, posted 2004 profit towards the low end of forecasts yesterday, but was upbeat on prospects for its US business as it rejected big deals there and in South Korea.
For the year to Dec 31, 2004, the group's pre-tax profit rose 37% to US$17.6bil, compared with a consensus figure of US$17.83bil in a Reuters poll of 10 analysts.
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