HSBC profit flat as Middle East provisions offset wealth growth
HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business.
Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share, the London-based bank said in a Hong Kong stock exchange filing on Tuesday.
The result missed the US$7.07 billion consensus estimate of 17 analysts polled by the...
HSBC profit falls amid war impact
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