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HSBC posts $12.7 billion pre-tax profit in first quarter

Messenger Desk

Published: 11:25, 30 April 2024

HSBC posts $12.7 billion pre-tax profit in first quarter

Photo: Collected 

Banking giant HSBC said on Tuesday (30 April) that pre-tax profits in the first quarter fell by $200 million to $12.7 billion.

"We completed the sale of our Canada business and agreed the sale of our Argentina business, both of which allow us to focus on markets with higher value international opportunities," said chief executive Noel Quinn, who the bank added would retire after nearly five years in the role.

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