{
}
Mark Tucker, Group Chairman of HSBC Holdings since October 2017, has announced his intention to retire by the end of 2025. The Board's Nomination and Corporate Governance Committee, led by Ann Godbehere, is now in the process of selecting his successor.
HSBC Chairman Mark Tucker will retire by the end of 2025 after eight years marked by three CEO changes and significant restructuring efforts. He will remain a strategic adviser during the search for his successor, led by Ann Godbehere, with former Citi President Jamie Forese as a top candidate. Under Tucker, HSBC navigated challenges including the COVID-19 pandemic and faced pressure from its largest shareholder regarding the separation of its Asian and Western operations.
IBN reported a rise in net interest income and growth in loans and deposits, despite facing higher operating expenses. HSBC's first-quarter pre-tax profit fell 25% to $9.48 billion due to declining revenues and increased credit losses. UBS Group's net profit dipped to $1.69 billion, with total revenues down 1.4% year over year, while the company progresses with the integration of Credit Suisse, achieving significant cost savings.
Barclays reported a 19% surge in Q1 profit before tax, with EPS up 26%, yet its share price fell by 2.5%. Management plans to increase capital returns above 2024 levels, targeting at least £10bn from share buybacks by 2026, while the forecast dividend yield is expected to rise to 3.8% by 2027. Analysts suggest a potential share price increase of around 35% to reach 403p, with long-term prospects indicating a possible doubling to 564p by 2027.
Banking leaders are urging the UK government to abolish the ring-fencing regime, arguing it hinders economic growth and competitiveness. Barclays CEO CS Venkatakrishnan defends the system, emphasizing its role in protecting depositors, while rivals claim it restricts their ability to support businesses. The debate highlights the tension between regulatory frameworks and the need for financial sector growth.
HSBC Holdings reported first-quarter 2025 results with revenue of US$16.8 billion, down 16% year-over-year, and net income of US$6.93 billion, a 32% decline. Despite these drops, revenue exceeded analyst expectations by 8.3%, and earnings per share surpassed estimates by 49%. Looking ahead, revenue is projected to grow at an average of 5.3% annually over the next three years.
HSBC Holdings reported 1Q25 results that exceeded expectations, with revenue up 6% and net profit before tax beating forecasts by 15%. Despite a recovery in share price post-tariff announcements, JPMorgan warns of potential fluctuations ahead, maintaining an Overweight rating on the stock.
HSBC Holdings reported a profit for Q1 2025 that exceeded expectations, despite a decline in revenue and ongoing concerns regarding tariffs. The financial results highlight the bank's resilience in a challenging economic environment.
HSBC Holdings shares rose 2.29% to $57.63 following the release of its first-quarter results, which showed a 13% year-over-year revenue decline to $17.6 billion due to divestments, though constant currency revenue increased by 7%. The bank reported adjusted EPS of $1.95, up from $1.70 a year ago, and announced plans for a $3 billion share buyback post-annual general meeting. HSBC targets a banking net interest income of around $42 billion for FY25 and anticipates cost savings from reorganization efforts.
HSBC faces a potential pretax loss of up to $1.6 billion due to a $69 billion recapitalization of Bank of Communications, diluting its stake from 19% to 16%. Despite this, the bank reported stronger-than-expected Q1 results and announced a $3 billion share buyback to reassure investors amid ongoing challenges in China's property sector and rising trade tensions. CEO Georges Elhedery supports the recapitalization as a strategic move to enhance BoCom's competitiveness in a difficult market.
HSBC HOLDINGS
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Mark Tucker to retire as HSBC chairman by end of 2025
02:06 02.05.2025
hsbc chairman mark tucker to retire by end of 2025
United States Dollar
HSBC HOLDINGS
Citizens, Inc.
GBR
Stuart Gulliver
Mark Tucker
Jamie Forese
Noel Quinn
Georges Elhedery
John Flint
Show more
14:13 01.05.2025
ubs reports first quarter earnings decline amid rising expenses and credit losses
19:52 30.04.2025
barclays share price outlook amid strong q1 results and future predictions
British Pound Sterling
Lloyds Banking Group plc
Barclays PLC
HSBC HOLDINGS
CHN
GBR
Mark Rogers
Show more
17:30 30.04.2025
banking leaders clash over ring-fencing amid calls for regulatory reform
British Pound Sterling
HSBC HOLDINGS
NatWest Group plc
Santander UK plc
Lloyds Banking Group plc
Barclays PLC
GBR
Georges Elhedery
Rachel Reeves
Sam Woods
C. S. Venkatakrishnan
Show more
07:43 30.04.2025
hsbc reports first quarter earnings beating expectations despite revenue decline
07:08 30.04.2025
hsbc holdings reports strong 1q25 results but faces stock price volatility
04:12 30.04.2025
HSBC reports strong Q125 profit despite revenue decline and tariff concerns
02:01 30.04.2025
hsbc shares rise following strong first quarter earnings report
20:36 29.04.2025
hsbc faces 1.6 billion loss as china banks receive major recapitalization
United States Dollar
Chinese Yuan
HSBC HOLDINGS
Bank of Communications Co., Ltd.
CHN
HKG
Pam Kaur
Georges Elhedery
16:17 29.04.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: