3-4-13 3:31 AM EST
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LONDON (MarketWatch) -- HSBC HBC on Monday reported a 2012 net profit of $14.02 billion, down from $16.8 billion a year earlier. Adjusted earnings came to $20.6 billion, down 6% from a year earlier. Analysts polled by Reuters were looking for a full-year profit of $22.7 billion. Revenue rose 7% to $63.5 billion. HSBC said it posted a record year in its commercial banking division and also raised its final dividend of the year 29% to 18 cents a share.
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