HSBC Q1 Earnings Beat Analysts' Expectations
Tuesday, 30 April 2024, 04:30
HSBC Q1 Earnings Report
HSBC announced its first-quarter earnings, showing a 1% decline in net profit compared to the previous year.
Highlights:
- Net profit reached US$10.2 billion.
- Earnings per share stood at US$0.54.
- The figures surpassed analysts' expectations.
Conclusion: Despite the drop, HSBC's successful divestment strategy helped it exceed market forecasts and maintain a strong financial position.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.