HSBC launches $3 billion buyback after Q1 profit drop, raises tariff alarm By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
0mins
Source: Investing.com
HSBC's Financial Performance: HSBC reported a 25% decline in first-quarter profit, totaling $9.5 billion, primarily due to one-time charges and warned of potential impacts from U.S. trade policies on loan demand and credit quality. Despite this, the bank announced a $3 billion share buyback and noted strong growth in its Asian wealth business.
Strategic Changes and Cost Management: The bank is undergoing a strategic review of its Malta operations and plans to reduce costs by $1.5 billion by the end of 2026 while maintaining a mid-teens return on equity target. CEO Georges Elhedery has initiated a significant overhaul of the bank's structure and management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
