HSBC (5 HK/ HSBA LN) Q1 (USD): Revenue 20.75bln (exp. 21.03bln). Pretax profit 12.65bln (exp. 12.61bln). CET1 ratio 15.2% (exp. 15.4%). CEO Quinn is unexpectedly retiring, Co. has started the search for a successor.
- Announced a share buyback of up to USD 3bln
- Approved its first interim dividend of USD 0.10/shr.
- Guidance unchanged.
- NII USD 8.7bln, down by USD 0.3bln Y/Y, "primarily reflecting deposit migration."
Via HSBC IR
30 Apr 2024 - 05:01- EquitiesImportant- Source: Newswires/HSBC IR
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