HSBC full year profit drops to 29.9 billion dollars but exceeds analyst expectations
Europe's largest bank reported a pretax profit of 29.9 billion dollars for the past year. While lower than the 2024 results, the figure beat market estimates.
Insights:
HSBC Holdings plc reported a 7.4 percent decline in full-year pretax profit to $29.9 billion, down from $32.3 billion a year earlier. The result beat the $28.9 billion average of broker estimates, making the announced full-year earnings materially relevant to assessments of the bank's financial performance.
