HSBC: share up after Q1 results
(CercleFinance.com) - The HSBC share is up over 2% in early trading in London on Friday, after the banking giant published net profit that is up 31% at 4.
91 billion dollars for the first three months of 2019, meaning EPS that is up 40% at 21 cents .
Adjusted pre-tax profit rose by 9.5% to 6.35 billion dollars, for adjusted revenues that are up 9% at 14.4 billion dollars, supported by positive market impacts and capital gains made on disposals.
HSBC has announced a 2.2 point improvement in its return on tangible equity to 10.6%, as well as a 30 basis point improvement in its CET1 solvency ratio over three months, which reached 14.3% at the end of March.
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