Europe’s largest lender HSBC on Tuesday reported first-quarter pre-tax revenue of $9.4 billion, marginally lacking analysts’ estimates on the again of larger-than-expected credit score losses and different impairment prices.
HSBC’s income gained 6%, yr on yr, exceeding estimates.
Listed here are HSBC’s first-quarter outcomes in contrast with the consensus estimates compiled by the financial institution.
- Pre-tax revenue: $9.4 billion vs. $9.59 billion
- Income: $18.6 billion vs. $18.49 billion
The lender’s first-quarter revenue earlier than tax fell to $9.4 billion, down from $9.5 billion a yr earlier.
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