Shares in global bank HSBC (HSBA) lost 5.3% after its Q1 earnings undershot market expectations. As predicted in our look ahead, the miss was due to higher costs and provisions for the worsening global economic outlook. Worsening outlook HSBC’s Q1 pre-tax profit of $9.4 billion was below the consensus of $9.6 billion and Q1 2025’s … Continue reading HSBC shares slide on Q1 earnings miss