HSBC First-Quarter Adjusted Pretax Profit Misses Estimates

HSBC reported a significant drop in adjusted pretax profit, missing forecasts. The bank faced increased credit losses, particularly from a failed oil trader in Singapore, leading to a $3 billion charge. This has resulted in downward pressure on net interest margins and a decline in share value. Despite the challenges, some analysts see potential upside. In Hong Kong, HSBC's shares have dipped significantly, and the bank has scrapped its dividend, causing investor dissatisfaction.

What was the expected adjusted pretax profit for HSBC according to Bloomberg Intelligence estimates?

• 3.04 billion U.S. dollars

• 4.37 billion U.S. dollars

• 6.25 billion U.S. dollars

• 1.75 billion U.S. dollars

What was the net interest margin for HSBC in the first quarter?

• 2.00%

• 1.75%

• 1.25%

• 1.54%

How much did HSBC shares decline in the past year?

• 20%

• 30%

• 40%

• 50%

What was the stock price of HSBC in Hong Kong recently?

• Below $40

• Exactly $45

• Above $50

• Around $60

Why are investors furious with HSBC?

• Due to high profits

• Because of dividend cuts

• Because of increased dividends

• Due to stock price increase