People use ATMs at HSBC’s main building in Central.  Photo: Sam Tsang
People use ATMs at HSBC’s main building in Central. Photo: Sam Tsang

HSBC first-quarter profit soars as global economic recovery takes shape

  • Pre-tax profit was US$5.8 billion, beating a consensus estimate of US$3.34 billion
  • Improving economic outlook allowed HSBC to shrink reserves for soured loans

People use ATMs at HSBC’s main building in Central.  Photo: Sam Tsang
People use ATMs at HSBC’s main building in Central. Photo: Sam Tsang
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