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TLDR HSBC reported $9.5B Q1 pre-tax profit, beating $7.8B expectations despite falling 25% year over year. Revenue fell 15% to $17.65B due to lower net interest income and operating income. U.S. tariffs raise risks of weaker loan demand and $500M in potential credit losses. Asian wealth management grew strongly…
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HSBC Holdings (HSBC) Stock: Q125 Profit Beats Expectations Despite Revenue Drop, Tariff Concerns
Yasmin Werner
10:20
TLDR HSBC reported $9.5B Q1 pre-tax profit, beating $7.8B expectations despite falling 25% year over year. Revenue fell 15% to $17.65B due to lower net interest income and operating income. U.S. tariffs raise risks of weaker loan demand and $500M in potential credit losses. Asian wealth management grew strongly…
