HSBC Set to Announce Q1 Earnings: What's in Store This Time?

In the last reported quarter, HSBC's results were aided by lower expenses. However, a rise in expected credit losses and other credit impairment charges (ECL) and a fall in revenues were the undermining factors. The consensus estimate for the company's earnings is pegged at $1.60 per share, which has remained unchanged in the past seven days. This indicates a decline of 5.9% from the year-ago quarter's reported number. The consensus estimate for sales is pegged at $16.46 billion, implying a 20.7% fall. Majo ...