HSBC Holdings ( (GB:HSBA) ) has issued an announcement.
HSBC Holdings plc reported a decrease in profit before tax by $3.2 billion to $9.5 billion for the first quarter of 2025, mainly due to the non-recurrence of previous gains from business disposals in Canada and Argentina. Despite this, the company showed strong performance in its Wealth and Corporate and Institutional Banking segments, with growth driven by increased customer activity and volatile market conditions. The company also announced a $3 billion share buy-back plan and a first interim dividend for 2025, reflecting confidence in its financial strength and strategic execution.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company, primarily engaged in providing banking and financial services. The company operates in various segments including Wealth, International Wealth and Premier Banking, and Corporate and Institutional Banking. HSBC has a significant market presence in regions such as Hong Kong and focuses on foreign exchange, debt, and equity markets.
YTD Price Performance: 6.20%
Average Trading Volume: 30,581,833
Technical Sentiment Signal: Sell
Current Market Cap: £147.4B
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