HSBC reposted this
When I started my role as our Group CFO, I said I would lead with a focus on discipline, performance and delivery – and I’m pleased to say we’re seeing significant movement across all three. The strong first quarter results we published today are the proof, headlined by an annualised return on tangible equity of 18.4% and a 11% increase in profit before tax, both excluding notable items. I’m optimistic about what lies ahead for HSBC and our customers as we move forward with momentum in our earnings, discipline in our execution and confidence in our ability to deliver our targets. Learn more about our results: https://grp.hsbc/60452q3RJ
Raising rates across products like mortgages, savings, and credit cards will naturally have that effect. It's no surprise, when you increase prices, higher profits usually follow.
Congratulations Pam on your second set of results as Group CFO exceeding market expectations.
Congratulations Pam and team!
Congratulations Pam
Congratulations on pulling these numbers, despite the uncertainties posed by retaliatory tariffs. A step in the right direction.
Worst service ever...sell credit cards on fraud and never deliver it, people work here for spamming only, they never delivered the card and use foul language once work is done Very very bad service from hsbc customer service
At what cost? More redundancies and off shoring to cheaper work force?
I love seeing your updates Pam! Very inspiring 👏
MBA | Strategy | Investment
3dRead the investor report. Solid set of results in a tougher environment. Great to see the cost discipline paying off and fee income stepping up. Staying on track with targets despite the macro noise is no small thing. Well done to you and the team