HSBC Reports Q1 2025 Earnings with Strategic Growth Amid Profit Decline
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HSBC Holdings plc reported a profit before tax decline of $3.2 billion to $9.5 billion for Q1 2025, attributed to the absence of prior gains from business disposals in Canada and Argentina. However, the bank experienced growth in its Wealth and Corporate and Institutional Banking segments due to increased customer activity. HSBC announced a $3 billion share buy-back plan and a first interim dividend for 2025, indicating confidence in its financial strength.
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