Key facts: HSBC Q1 pretax $9.4bn; shares -5.1%; warns mid‑high single‑digit profit hit
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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.
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