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.
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