HSBC first-quarter pre-tax profit misses estimates on wider-than-expected credit losses
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Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, missing analysts' estimates on the back of larger-than-expected credit losses and other impairment …
Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, 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: $9.37 billion vs. $9.59 billion Revenue: $18.62 billion vs. …
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