HSBC first-quarter profits miss expectations after hit on bad debts
HSBC has seen first-quarter profits miss expectations after taking a $1.3bn (£960m) hit on bad debts including a fraud-related charge in the UK and impact from the Middle East war.
HSBC profit falls amid war impact
- HSBC Non-GAAP EPS of $0.44 misses by $1.72, revenue of $18.62B beats by $80M; updates FY26 outlook Seeking Alpha —
- HSBC profits fall amid $400m fraud-related charge and Iran war The Guardian —
- HSBC profits fall on higher credit charges Financial Times —
- HSBC Posts Flat Quarterly Net Profit Wall Street Journal —
- HSBC profit underwhelms on surprise $400 million private credit loss 📹 Reuters — · 1min