From Nasdaq.: 2025-04-29 00:55:00

HSBC Holdings Plc reported lower profit and revenues in the first quarter of 2025. The Board approved a first interim dividend of $0.10 per share and a share buy-back of up to $3 billion. The company expects banking NII of around $42 billion in 2025 and mid-teens return on average tangible equity. Profit before tax decreased to $9.48 billion, and revenue decreased 15% to $17.65 billion. Net interest income fell to $8.3 billion, with a net interest margin of 1.59%. Despite uncertainty, HSBC expects mid-single digit percentage growth for customer lending balances and double-digit percentage growth in fee and other income in Wealth over the medium term.



Read more at Nasdaq.: HSBC Q1 Results Down, Confirms Outlook; Plans Up To $3 Bln Buyback