In this photo taken on February 20, 2024 in Brussels, Belgium, the HSBC Holding logo is displayed on a smartphone, with HSBC visible in the background.
Jonathan Raa | Photo only | Getty Images
HSBC beat expectations in its first-quarter earnings report on Tuesday.
Revenue was $20.8 billion, up 0.3% from the same period last year and compared to the average LSEG forecast of about $16.94 billion.
Pre-tax profit was $12.7 billion in the January-March period, compared with $12.88 billion in the same period last year, but beat the $12.61 billion forecast by the bank based on analyst estimates became.
Profit after tax fell to $10.84 billion – less than the $11.03 billion in the first quarter of 2023.
HSBC has approved an initial interim dividend of 10 cents per share and a special dividend of 21 cents per share
The company also announced the resignation of Group CEO Noel Quinn, who had held the position for five years. The bank has initiated the formal process to find his successor, the company said.
This is breaking news. Please check back for updates.
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2024-04-30 04:18:05
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