HSBC Reports Significant Q1 Revenue Decline

HSBC Holdings plc disclosed a 15% decrease in revenues, totaling $17.6 billion for the first quarter of 2025, compared to the previous year. This announcement was made on Tuesday, highlighting the challenges the banking giant faces in the current economic climate.

Profit and Shareholder Returns

The bank's profit before tax saw a reduction of $3.2 billion, settling at $9.5 billion, with the profit after tax also declining by $3.3 billion to $7.6 billion year-on-year. Despite these setbacks, HSBC announced a share buy-back program of up to $3 billion and approved a first interim dividend of $0.10 per share.

Economic Challenges Ahead

"The macroeconomic environment is facing heightened uncertainty, in particular from protectionist trade policies, creating volatility in both economic forecasts and financial markets and adversely impacting consumer and business sentiment," the bank stated, pointing to the broader challenges affecting its performance.