Europe's largest bank, HSBC, is scheduled to report its first-quarter earnings on Friday.
A pedestrian walks past illuminated signage for HSBC Holdings Plc displayed outside a bank branch in the Central district of Hong Kong, China., Europe's largest bank, is scheduled to report its first-quarter earnings on Friday. Analyst forecasts compiled by Refinitiv showed that the bank's reported profit before tax is expected to come in at $5.399 billion for the January to March period, higher than its $4.755 billion from a year ago.
Revenue for the first quarter is expected to be $13.788 billion, little changed from the $13.71 billion that the bank reported a year ago, according to Refinitiv. Investors will also be watching whether the bank made any progress in containing costs, especially after it failed to achieve its target of positive "jaws." The jaws ratio is positive when revenue grows faster than costs.
Very bright Tweet, keep it up. I also use instaCryptoNews for news channel.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC shakes up under-pressure global banking businessHSBC has reshuffled its global banking division as former JP Morgan banker Greg ... The world most dirty bank will never shakes up. HSBC is a dirty bank!
Source: Reuters - 🏆 2. / 97 Read more »
Exxon Mobil to report earnings before the bell — here's what the Street expectsAnalysts expect Exxon Mobil to report first-quarter earnings of 69 cents per share, down from a year ago.
Source: CNBC - 🏆 12. / 72 Read more »
Three major pharmaceutical companies just reported earnings — here's how they didShares of pharmaceutical giants Pfizer and Merck rose in premarket trading after reporting first-quarter financial results that beat Wall Street's expectations. Shares of Pfizer rose after beating Wall Street estimates for both EPS and revenue. Did they sell out to earn
Source: CNBC - 🏆 12. / 72 Read more »
Chevron is slated to report earnings — here's what the Street expectsChevron is expected to report first-quarter earnings of $1.30 per share, down from a year ago.
Source: CNBC - 🏆 12. / 72 Read more »
Alphabet's earnings report is coming after the bell: Here's what analysts expectAlphabet's earnings report comes amid a rally in the stock price that's lifted it to a record.
Source: CNBC - 🏆 12. / 72 Read more »
General Motors is slated to report earnings before the bell — here's what the Street expectsThe company in April reported sales that fell 7% from the prior year. Tesla style report?
Source: CNBC - 🏆 12. / 72 Read more »
Ford's earnings proved the automaker's risky bets are paying off — and investors are buying inFor the last several years it seemed like Ford could do nothing right, but despite a steep decline in first-quarter profits, investors are turning upbeat on the second-largest domestic automaker, sending Ford shares soaring past the $10 mark for the first time since last August.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street set for flat open as investors await fresh earningsU.S. stock index futures were trading flat on Monday after hitting a closing hig...
Source: Reuters - 🏆 2. / 97 Read more »
European markets seen mixed as investors monitor earnings; Deutsche Bank beats expectationsEuropean stocks are set to open mixed Friday morning, as market participants prepared for another flurry of corporate earnings.
Source: CNBC - 🏆 12. / 72 Read more »
Apple is an 'earnings powerhouse,' says tech investor Gene MunsterInvestors aren't appreciating just how well Apple will do in the coming years, says Loup Ventures' Gene Munster. Happy to see that many new investors are getting smarter and keeping their crypto assets offline on New Ledger Nano X Get yours now ! And Stay Safe out there. Wow, he really knows his stuff. Eye opening analysis .... I thought it was a highly indebted, loss making utility until I read this headline
Source: CNBC - 🏆 12. / 72 Read more »