The results for the first quarter of the largest European HSBC lendiary surpassed expectations, thanks to strong achievements in the richness management segment, as well as strengthening corporate and institutional banking.
The Bank also announced the purchase of shares worth up to $ 3 billion, which plans to end before publishing semi-annual results for 2025. Year.
Here are the results of HSBC for the first quarter of 2025. year compared to the consensus assessments compiled by the Bank itself:
– Profit before tax: $ 9.48 billion compared to expected $ 7.83 billion
– Revenue: $ 17.65 Billion compared to expected $ 16.67 billion
The profit of the Bank before tax fell by 25% compared to the same period last year, while revenues were reduced by 15%. However, compared to the previous quarter, profit before tax increased by almost 317%.
“Our strong results in this quarter show the momentum in our earnings, discipline in the implementation of the strategy and confidence in our ability to achieve the set goals,” said Georges Elhedery, the Executive Director of the HSBC Group, Banking Me.
The Bank, however, warned the increased uncertainty in the macroeconomic climate, pointing out that protectionist trade policies negatively affect the mood of consumers and companies.
“Despite the uncertainties in global trade, the progress in HSBC restructuring should continue to affect cost reduction,” Manyi Lu said, analyst for capital research in the DBS Bank.
Certain negative consequences are possible due to customs and concerns due to the global recession, but the overall effects of restructuring is expected to remain positive.
