HSBC annual profit jumps 6.5%, marginally misses estimates

1. HSBC reported a pre-tax profit of $32.31 billion for the year. 2. Revenue decreased slightly to $65.85 billion, missing analyst expectations. 3. Fourth-quarter profit nearly doubled to $2.3 billion from last year. 4. About 40 investment bankers were laid off, affecting core sectors. 5. The new CEO, Georges Elhedery, aims for cost discipline amid restructuring.