HSBC reports $9.5 billion pre-tax profit in first quarter

Banking giant HSBC said Tuesday that its profit in the first quarter dropped to $9.5 billion before tax, while its CEO warned of uncertainty in a global economy jolted by sweeping US tariffs. The pre-tax profit represented a $3.2 billion decrease from the …

FTSE 100 movers: HSBC rallies after results; AB Foods slumps

HSBC rallied as it posted better-than-expected first-quarter pre-tax profits of $9.5bn and announced a $3bn share buyback. However, the bank also lifted its bad loan provisions in the first quarter, blaming a bleak macroeconomic outlook from higher tariffs …

Why Is HSBC Stock Trading Higher On Tuesday?

HSBC Holdings, Plc. HSBC shares traded higher on Tuesday after the company reported first-quarter results. Revenue decreased 13% year over year (Y/Y) to $17.6 billion due to business divestments, mainly in Canada and Argentina. Constant currency …

Where HSBC Scores Above all

The British-Asian bank HSBC, which is also active in Switzerland, delivered a good operating result in the first quarter. Investment banking, asset management and International Wealth and Premier Banking performed particularly well. However, net profit was …

HSBC initiates a $3-B share buyback

Canara HSBC Life Insurance files papers for IPO

Canara HSBC Life Insurance Company is promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, a member of The Hongkong and Shanghai Banking Corporation group Canara HSBC Life Insurance Company has filed Draft Red Herring Prospectus with SEBI …

HSBC's bankers confused as inflation & costs consume their savings

HSBC's decision to cut M&A and equity capital markets (ECM) bankers in the UK and Europe contributed to $300m of cost reductions at the bank in the first quarter. And yet, costs at the bank were flat year-on-year.  Get Morning Coffee ☕ in your …

HSBC raises bad loan provisions on market turmoil and tariff fears

According to a Financial Times report, chief executive Georges Elhedery said the lender was entering “this period of economic uncertainty and market unpredictability… from a position of financial strength.” HSBC’s pre-tax profit dropped 25% to $9.5 billion …

HSBC’s trade-war stress test flags valuation risk

CEO Georges Elhedery said the bank would meet a roughly 15% return on tangible equity target even if tariffs stay high. His scenario mapping, though, excludes painful rate cuts that may happen if the global economy tanks. HSBC’s relatively high multiple …

HSBC becomes latest brokerage to cut S&P 500 annual target below 6000 mark

(Reuters) - HSBC on Tuesday became the latest global brokerage to slash its year-end target for the S&P 500 index below the 6000 mark, weighed down by slower U.S. economic growth and tariff-related pressure on corporate earnings. The London-based …