HSBC Holdings (HSBC) Reports Q1 EPS of $0.26

HSBC Holdings (NYSE: HSBC) reported Q1 EPS of $0.26, versus $0.27 reported last year.

• Reported PBT up 4% in the first quarter of 2015 (‘1Q15’) at $7,059m compared with $6,785m in the same period in 2014 (‘1Q14’).
• Adjusted PBT up $349m or 5% in 1Q15 at $6,892m, compared with $6,543m in 1Q14, primarily reflecting higher revenue of $661m and lower loan impairment charges of $136m, partly offset by higher operating expenses of $483m.
• Reported PBT of $7,059m is up by $5,328m compared with $1,731m in 4Q14. Adjusted PBT of $6,892m is up by $3,988m or 137% compared with $2,904m in 4Q14, led by higher revenue in GB&M following a challenging fourth quarter in 2014.

For earnings history and earnings-related data on HSBC Holdings (HSBC) click here.

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