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Branch HSBC Bank on January 15, 2024 in London, UK. HSBC Bank PLC is a British transnational banking and financial organization. The HSBCS international network is about 7,500 offices in more than 80 countries. (Photo by Mike Kemp/In Images via Getty Images)
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The largest in Europe, the results of the first quarter in Europe on Tuesday, won estimates, although profit and profit have both decreased from year to year.
Here are HSBC results in the first quarter of 2025 compared to consensus estimates A complex bank.
- Profit before tax: $ 9.48 billion vs. 7.83 billion
- Income: 17.65 billion against $ 16.67 billion
The bank’s profits, however, decreased by 25% year after year. Revenue decreased by 15% compared to last year.
The income to tax, however, increased by almost 317% compared to the previous quarter.
“Our strong results in this quarter demonstrate the impetus in our profits, the discipline in the implementation of our strategy and confidence in our ability to supply our goals. We continue to support our customers during this period of economic uncertainty and unpredictability of the market, which we enter from the position of the financial force,” said Group CEO General.
Last OctoberThe Bank has announced a perestroika plan to divide its activities into four units, creating separate sectors of “Eastern markets” and “western markets”. HSBC said the reorganization would lead to itself 300 million dollars in this year’s cost.
“Despite uncertainty in world trade, HSBC’s progress should continue to have a positive impact on cost savings,” said Manyi LU, DBS Bank’s stock analyst.
Perhaps there is some wind from tariffs and concern with a global recession, but the effect will be more noticeable in the following quarters, Lou CNBC said.
The profit does not reflect the full influence of the tariffs on US President Donald Trump, and the “return” beatings were announced in April, which was rejected. However, steel tariffs, aluminum and tons, which have been operating since March.
HSBC CEO Georges Eldera was one of four UK banks who have recently called on the Chancellor Cash to deprive the country’s ringing rules in the country Reported about Sky News. The move was reportedly aimed at raising the UK economy.
Ring It provides for the selection of the bank’s consumer business from more risky investment banking.
