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HSBC HOLDINGS Not Seeing Direct Pressure from Tariffs at Present
Recommend 22 Positive 33 Negative 21 |
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HSBC HOLDINGS (00005.HK) CEO Georges Elhedery said at the results press conference that the group has internally prepared various scenarios to assess the impact of tariffs. Even though the group's operating income could be dragged down by a single-digit percentage in the adverse scenario, it would still be able to achieve its target of a 15% return on tangible equity (RoTE). HSBC HOLDINGS reported a YoY rise of 21.66% in expected credit losses (ECL) to US$876 million in its 1Q25 results, with US$150 million reflecting uncertainty in the economic outlook. CFO Pam Kaur noted that there has been no sign of any direct pressure from tariffs so far, nor have there been any additional withdrawals from clients in recent months. AAStocks Financial News |
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