HSBC Holdings PLC

HSBA: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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HSBC Earnings: Higher Buybacks Prompt Valuation Increase, Despite Tariff-Driven Credit Cost Risks

Michael Makdad

Apr 29, 2025

HSBC announced first-quarter net profit 23% above company-compiled consensus and a $3 billion buyback, around 1.5% of market cap. The bank's management outlined a "plausible downside" tariff scenario of a low-single-digit percentage revenue impact and $500 million in added credit cost.

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HSBC Holdings PLC

HSBC Earnings: Higher Buybacks Prompt Valuation Increase, Despite Tariff-Driven Credit Cost Risks

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