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HSBC London Shrs Finish 2.6% Higher, 0.8% Above HK Closing Price
Recommend 22 Positive 40 Negative 16 |
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HSBC saw its London share price climb by 2.6% to rest at GBX855.6, equivalent to HKD89.04, 0.8% above Hong Kong’s previous close of HKD88.35 yesterday (29th). The stock hit an intraday high of GBX862, or HKD89.7. The bank announced its first-quarter results for the period ending March 31, 2025 at noon, reporting a 25% YoY decline in reported PBT to USD9.484 billion, surpassing expectations from Goldman Sachs and Morgan Stanley. EPS was USD39 cents, vs USD54 cents in the same period of last year. HSBC's net profit sank 31.9% YoY to USD6.932 billion. The quarterly DPS remained steady at USD10 cents, consistent with last year’s figure excluding a special dividend. Share buybacks were scaled up to USD3 billion QoQ. AAStocks Financial News |
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