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G Sachs Expects HSBC HOLDINGS 1Q Booked Profit Before Tax to Fall 34%; M Stanley Estimates US$3B Shr Buyback
2025-04-28 15:57:59
HSBC HOLDINGS (00005.HK) will announce its 1Q25 results tomorrow (29th), reflecting the impact of factors such as low interest rate environment and the booking of the sale of its Canadian and Argentinian businesses in the same period last year, etc..

Morgan Stanley expected HSBC HOLDINGS to announce a US$3 billion share buyback during its 1Q25 results announcement, with the CET1 ratio falling 0.4 ppts YoY to 14.8% by the end of 1Q25.
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Goldman Sachs and Morgan Stanley forecasted HSBC HOLDINGS' 1Q25 booked profit before tax to be US$7.038 billion-US$8.363 billion, a YoY decline of 33.9-44.4% from the booked profit before tax of US$12.65 billion in 1Q24.

Broker│1Q25 Booked Profit Before Tax Forecast│ YoY Change
Morgan Stanley│US$7.038 billion│-44.4%
Goldman Sachs│US$8.363 billion│-33.9%

Based on HSBC HOLDINGS' 1Q24 booked profit before tax of US$12.65 billion.
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