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Evening Standard
Evening Standard
Business
John Besley

HSBC announces fall in quarterly pre-tax profit amid ‘economic uncertainty’

A general view of two cash machines outside a HSBC Uk bank in Sheffield, UK (Mike Egerton/PA) - (PA Archive)

HSBC’s quarterly pre-tax profit fell by 3.2 billion dollars (£2.4 billion) amid a period of “economic uncertainty and market unpredictability”, the firm announced.

In its earnings release for the first quarter of 2025, the UK’s largest bank said profit before tax dropped more than £2 billion to 9.5 billion dollars (£7.1 billion) compared to the same period last year.

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