HSBC Q1 Results Beat Estimates Despite Global Uncertainty
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HSBC's first-quarter 2025 results exceeded expectations, driven by strong wealth and corporate banking performances. Pre-tax profit reached $9.48 billion, surpassing estimates, although it decreased 25% year-on-year. Revenue also fell 15% year-on-year but surged nearly 317% from the previous quarter. The bank announced a $3 billion share buyback and expressed confidence in meeting targets, despite warning of macroeconomic uncertainty and protectionist trade policies.
HSBC's first-quarter 2025 results exceeded expectations, driven by strong wealth and corporate banking performances. Pre-tax profit reached $9.48 billion, surpassing estimates, although it decreased 25% year-on-year. Revenue also fell 15% year-on-year but surged nearly 317% from the previous quarter. The bank announced a $3 billion share buyback and expressed confidence in meeting targets, despite warning of macroeconomic uncertainty and protectionist trade policies.
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