Europe’s largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts’ estimates on the back of larger-than-expected credit losses and other impairment charges.
HSBC’s revenue gained 6%, year on year, exceeding estimates.
Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank.
- Pre-tax profit: $9.4 billion vs. $9.59 billion
- Revenue: $18.6 billion vs. $18.49 billion
The lender’s first-quarter profit before tax fell to $9.4 billion, down from $9.5 billion a year earlier.
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