<div id="readability-page-1"><div><p>Citi issued a report stating that HSBC HOLDINGS (00005.HK)<span> </span><span> -6.500 (-4.533%)  </span> <span> Short selling $265.75M; Ratio 41.339%  </span>  recorded 1Q pre-tax profit (excluding special items) of USD10.1 billion, in line with market expectations. Revenue was 2% above forecasts, mainly driven by non-interest income, which was 6% higher than expected, while net interest income performance was broadly in line with estimates. On a reported basis, pre-tax profit was USD9.4 billion, 2% below market expectations, primarily due to losses recorded on two disposal transactions. The CET1 ratio stood at 14%, meeting market forecasts.</p><p>The report noted that HSBC HOLDINGS has updated its full-year 2026 guidance. Net interest income guidance was raised but offset by higher loan loss guidance. Notably, the group achieved a return on tangible equity of 18.7% this quarter, significantly above its medium-term guidance of above 17%.</p><p>Citi added that HSBC HOLDINGS recorded expected credit losses of USD1.3 billion in 1Q, 9% higher than market consensus. Of this, USD300 million related to increased risks from the Middle East conflict, broadly in line with expectations, mainly booked through management overlays. (ha/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 12:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>Citi reported that HSBC HOLDINGSrecorded a 1Q pre-tax profit of USD10.1 billion, aligning with market expectations, while revenue exceeded forecasts by 2%. The CET1 ratio was 14%, meeting forecasts. However, reported pre-tax profit was USD9.4 billion, 2% below expectations due to losses from disposals. HSBC raised its net interest income guidance but increased loan loss guidance. Expected credit losses were USD1.3 billion, 9% above consensus, with USD300 million linked to Middle East risks.</p>

- Citi reported that HSBC HOLDINGS recorded a 1Q pre-tax profit of USD 10.1 billion, aligning with market expectations, while revenue exceeded forecasts by 2%.  
- The bank updated its full-year 2026 guidance, increasing net interest income expectations but raising loan loss forecasts, and achieved a return on tangible equity of 18.7%.  
- The report also noted expected credit losses of USD 1.3 billion, 9% above consensus, with USD 300 million attributed to risks from the Middle East conflict.

Citi: HSBC HOLDINGS 1Q Pre-tax Profit In Line; Provisions 9% Above Forecast