HSBC Reports Significant Revenue Decline in First Quarter

HSBC Holdings plc disclosed a 15% decrease in revenues, totaling $17.6 billion for the first fiscal quarter of 2025, compared to the same period last year.

Profit and Shareholder Returns

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

Macroeconomic Challenges

HSBC highlighted the macroeconomic environment's heightened uncertainty, citing protectionist trade policies as a key factor. These policies have introduced volatility in economic forecasts and financial markets, negatively affecting both consumer and business sentiment.