By WSJ Staff

HSBC $(HSBC)$: The Asia-focused bank reported a drop in quarterly profit, partly due to $2.1 billion of losses related to its stake in Chinese lender Bank of Communications (CN:601328). HSBC shares sold off in London.

UBS (UBS): The Swiss bank's quarterly profit more than doubled on the year, as market volatility boosted its revenue from trading and investment banking. Shares rose in Zurich.

Nissan Motor (JP:7201): The Japanese automaker reported a loss for a fourth consecutive quarter, as it takes steps to reverse falling sales. Shares fell 1.6%.

Hermès (FR:RMS): The Birkin bag maker's sales accelerated last quarter, despite the slowdown in luxury demand. But Hermès flagged uncertain geopolitics, and its first-half net profit fell. Shares fell as much as 4%.

Mercedes-Benz (XE:MBG): The German car maker warned that revenue will be significantly lower than last year due to tariffs hitting sales. The U.S.-European Union trade deal struck Sunday will see a 15% levy on EU car exports. Mercedes-Benz shares fell 1.4%.

Porsche (XE:P911): The German luxury automaker also cut annual forecasts to reflect the trade agreement. However, its first-half results largely topped forecasts, and shares gained 3%.

Adidas (XE:ADS): The sporting-goods company posted lower-than-expected sales and flagged uncertainty around the impact from U.S. tariffs. Shares tumbled 7%.

Novo Nordisk $(NVO.AU)$: Shares in the Danish drugmaker slipped early Wednesday, extending a slide on Tuesday after it slashed its profit and revenue forecasts.

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(END) Dow Jones Newswires

July 30, 2025 06:26 ET (10:26 GMT)

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