HSBC reported lower first-quarter pre-tax profit, but net profit increased from a year earlier as revenues rose. The bank also raised its banking net interest income outlook for fiscal 2026, a constructive signal for future earnings. The update is mixed overall, but the higher NII guidance offsets some of the near-term profit weakness.
HSBC reported lower first-quarter pre-tax profit, but net profit increased from a year earlier as revenues rose. The bank also raised its banking net interest income outlook for fiscal 2026, a constructive signal for future earnings. The update is mixed overall, but the higher NII guidance offsets some of the near-term profit weakness.
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