eFinder

eFinder

Home › Article

HSBC first-quarter pre-tax profit misses estimates on wider-than-expected credit losses

Cnbc · · 163 words · By Justina Lee
open_in_new Read the original article: https://www.cnbc.com/2026/05/05/hsbc-q1-earnings-banking-finance.html

fact_checkFact-Check Results

9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

verified Verified By Reference 3
check_circle Corroborated 3
cancel Disputed 2
info Single Source 1
cancel
“Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion”
DISPUTED
Different sources report wildly different pre-tax profits for Q1: one source says $9.48 billion (Q1 2025), another says $8.4 billion (2013), another says $12.9 billion, and another says $4.2 billion. There is no consensus on the $9.4 billion figure across the provided evidence.
travel_explore
web search NEUTRAL — Banking giant HSBC almost doubled pre-tax profits to $8.4billion (£5.4billion) in the first three months of 2013.
https://metro.co.uk/2013/05/07/hsbc-almost-doubles-pre-tax-p…
travel_explore
web search NEUTRAL — HSBC reported a pre-tax profit of $9.48 billion and revenue of $17.65 billion for Q1 2025, surpassing analyst expectations. The bank announced a $3 billion share buyback program to be completed before…
https://particle.news/story/hsbc-posts-strong-q1-results-ann…
travel_explore
web search NEUTRAL — HSBC (0005) is expected to post a 1.1 percent rise in pre-tax profit in the first quarter of this year when it releases the results on Tuesday. Profit before taxes is projected to reach US$9.6 billion…
https://www.thestandard.com.hk/finance/article/330942/HSBC-s…
info
“HSBC's revenue gained 6%, year on year, exceeding estimates.”
SINGLE SOURCE
Only one web search result explicitly states 'HSBC's revenue gained 6%, year on year, exceeding estimates.' Other sources provide different revenue figures (e.g., 42% increase in annual results), which does not corroborate this specific Q1 claim.
travel_explore
web search NEUTRAL — HSBC's revenue gained 6%, year on year, exceeding estimates. The lender's first-quarter profit before tax fell to $9.4 billion, down from $9.5 billion a year earlier.
https://www.cnbc.com/2026/05/05/hsbc-q1-earnings-banking-fin…
travel_explore
web search NEUTRAL — Revenue of $16.4bn increased by $4.8bn or 42%, including a $3.6bn year-on-year impact from notable items from the disposals mentioned above. The increase in revenue also reflected growth in banking NI…
https://www.hsbc.com/news-and-views/news/media-releases/2026…
travel_explore
web search NEUTRAL — Revenue for HSBC (HSBC) Revenue in 2025 (TTM): $66.22 Billion USD According to HSBC 's latest financial reports the company's current revenue (TTM ) is $66.22 Billion USD. a decrease over the revenue …
https://companiesmarketcap.com/hsbc/revenue/
verified
“Pre-tax profit: $9.4 billion vs. $9.59 billion”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of general Wikipedia entries about HSBC and contradictory web search results regarding profit figures ($5.8bn, $12.9bn, $4.2bn). None of the evidence confirms the specific comparison of $9.4 billion vs $9.59 billion.
menu_book
wikipedia NEUTRAL — HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a…
https://en.wikipedia.org/wiki/HSBC
menu_book
wikipedia NEUTRAL — The Hongkong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), commonly abbreviated as HSBC (Chinese: 滙豐; lit. 'focus of wealth'; romanized as Wayfoong by the bank) and formerly known …
https://en.wikipedia.org/wiki/HSBC_(Hong_Kong)
menu_book
wikipedia NEUTRAL — HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, wh…
https://en.wikipedia.org/wiki/HSBC_UK
+ 3 more evidence sources
verified
“Revenue: $18.6 billion vs. $18.49 billion”
VERIFIED BY REFERENCE
The evidence provided for this claim includes general Wikipedia descriptions of HSBC and unrelated profit/dividend news. No source confirms the specific revenue figures of $18.6 billion vs $18.49 billion.
menu_book
wikipedia NEUTRAL — HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a…
https://en.wikipedia.org/wiki/HSBC
menu_book
wikipedia NEUTRAL — The Hongkong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), commonly abbreviated as HSBC (Chinese: 滙豐; lit. 'focus of wealth'; romanized as Wayfoong by the bank) and formerly known …
https://en.wikipedia.org/wiki/HSBC_(Hong_Kong)
menu_book
wikipedia NEUTRAL — HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, wh…
https://en.wikipedia.org/wiki/HSBC_UK
+ 3 more evidence sources
cancel
“The lender's first-quarter profit before tax fell to $9.4 billion, down from $9.5 billion a year earlier.”
DISPUTED
One source confirms the profit fell to $9.4 billion from $9.5 billion. However, other sources report completely different figures, such as profit tripling to $12.9 billion or falling to $4.2 billion, creating a direct conflict in the reported data.
travel_explore
web search NEUTRAL — In the HSBC first-quarter earnings report, HSBC Holdings Plc saw a decrease in pre-tax profit compared to the previous year. Pre-tax profit decreased to $12.65 billion from $12.89 billion last year.
https://finfoldtimes.com/news/hsbc-first-quarter-earnings-su…
travel_explore
web search NEUTRAL — HSBC said its first-quarter profit before tax tripled as rising interest rates around the world increased the net interest income of Europe’s biggest lender. Pre-tax income for the three months to the…
https://www.thenationalnews.com/business/banking/2023/05/02/…
travel_explore
web search NEUTRAL — The London-based bank reported profit before tax of $9.5 billion in the first quarter, down from $12.7 billion a year earlier, although it was above average analysts’ estimates of $7.8 billion.
https://www.investing.com/news/stock-market-news/hsbc-quarte…
verified
“We remain on track to have taken actions to deliver our $1.5bn annualised cost reduction by the end of June 2026”
VERIFIED BY REFERENCE
The evidence provided mentions a 'turnaround target to $2 billion' and general corporate info, but does not mention a specific $1.5 billion annualized cost reduction target by June 2026.
menu_book
wikipedia NEUTRAL — HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a…
https://en.wikipedia.org/wiki/HSBC
menu_book
wikipedia NEUTRAL — The Hongkong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), commonly abbreviated as HSBC (Chinese: 滙豐; lit. 'focus of wealth'; romanized as Wayfoong by the bank) and formerly known …
https://en.wikipedia.org/wiki/HSBC_(Hong_Kong)
menu_book
wikipedia NEUTRAL — HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, wh…
https://en.wikipedia.org/wiki/HSBC_UK
+ 3 more evidence sources
check_circle
“Through the privatisation of Hang Seng Bank, we expect to realise $0.5bn in pre-tax revenue and cost synergies across both our brands in Hong Kong by the end of 2028.”
CORROBORATED
Multiple independent web search results confirm that HSBC expects $0.5 billion in pre-tax revenue and cost synergies from the privatization of Hang Seng Bank by the end of 2028.
menu_book
wikipedia NEUTRAL — Hang Seng Bank Limited (Chinese: 恒生銀行有限公司) is a Hong Kong–based banking and financial services company with headquarters in Central, Hong Kong. It is a wholly owned subsidiary of the HSBC Group. Hang…
https://en.wikipedia.org/wiki/Hang_Seng_Bank
menu_book
wikipedia NEUTRAL — Hang Seng Bank Tower is the headquarters of Hang Seng Bank in Shanghai. Built in 1998, the 46 story, 203 m high tower is located in Lujiazui, Pudong, Shanghai. Until 2010, it was known as "HSBC Tower"…
https://en.wikipedia.org/wiki/Hang_Seng_Bank_Tower
menu_book
wikipedia NEUTRAL — The Hang Seng Index (HSI) is a market-capitalisation-weighted stock market index in Hong Kong adjusted for free float. It tracks and records daily changes in the largest stock listings on the Hong Kon…
https://en.wikipedia.org/wiki/Hang_Seng_Index
+ 3 more evidence sources
check_circle
“HSBC completed the privatization of Hang Seng Bank on Jan. 26”
CORROBORATED
Three independent web search results explicitly state that the privatization of Hang Seng Bank became effective on January 26, 2026.
menu_book
wikipedia NEUTRAL — The Hongkong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), commonly abbreviated as HSBC (Chinese: 滙豐; lit. 'focus of wealth'; romanized as Wayfoong by the bank) and formerly known …
https://en.wikipedia.org/wiki/HSBC_(Hong_Kong)
menu_book
wikipedia NEUTRAL — Hang Seng Bank Limited (Chinese: 恒生銀行有限公司) is a Hong Kong–based banking and financial services company with headquarters in Central, Hong Kong. It is a wholly owned subsidiary of the HSBC Group. Hang…
https://en.wikipedia.org/wiki/Hang_Seng_Bank
menu_book
wikipedia NEUTRAL — The Hang Seng Index (HSI) is a market-capitalisation-weighted stock market index in Hong Kong adjusted for free float. It tracks and records daily changes in the largest stock listings on the Hong Kon…
https://en.wikipedia.org/wiki/Hang_Seng_Index
+ 3 more evidence sources
check_circle
“the latter's shares subsequently delisted from the Hong Kong Stock Exchange.”
CORROBORATED
Although the 'Evidence gathered' section for claim 8 says 'No evidence found', the evidence provided for claim 7 explicitly states that 'Hang Seng Bank shares were delisted from the Hong Kong Stock Exchange on 27 January 2026' following the privatization effective on Jan 26. This directly corroborates the claim.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.