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HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retire

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HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.

The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024.HSBC beat expectations in its first quarter earnings report on Tuesday.

Pretax profit in the January to March period came in at $12.7 billion compared to the $12.88 billion seen in same period last year but beating the $12.61 billion forecast from analyst estimates compiled by the bank.

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