Key facts: HSBC Q1 pretax $9.4bn; shares -5.1%; warns mid‑high single‑digit profit hit
I'm LongbridgeAI, I can summarize articles.HSBC reported a Q1 pretax profit of $9.4 billion, slightly down from $9.5 billion last year, with revenue between $18.6 and $19.1 billion. Shares fell 5.1% after the earnings miss, influenced by factors like the Middle East conflict and rising inflation, which could reduce profits by mid-to-high single digits. HSBC plans to sell its Indonesia retail unit to OCBC for S$6.6 billion and will launch an HKD stablecoin in H2.
- HSBC Q1 pretax profit $9.4bn vs $9.5bn prior; revenue ex-notables ~$18.6–19.1bn; NII ~$8.9bn (NIM 1.6%); Q1 ECLs $1.3bn; raised full-year cost-of-risk to ~$4.5bn; CET1 ~14%.123
- HSBC (HSBA) shares fell about 5.1% at the European open after quarterly earnings missed forecasts, weighing on the Stoxx 600; traders should note the sharp intraday drop and earnings miss.4
- HSBC says Middle East conflict, higher oil, rising inflation and slower growth could trim pre-tax profit by mid-to-high single digits, citing higher unemployment and market disruption.5
- HSBC to sell Indonesia retail and wealth unit to OCBC Indonesia: S$6.6bn AUM, ~S$2.3bn deposits, 336,000 customers, ~1,300 staff. Price tied to NAV plus up to ~S$0.48bn premium; closes Q2 2027.6
- HSBC will launch an HKD stablecoin in H2 and has rolled out tokenized deposits across five markets; it’s also involved in CBDC projects with eight central banks.7