HSBC CEO Noel Quinn is Stepping Down After Strong Q1 Earnings: What’s Next for Europe’s Largest Bank?
Brussels, Belgium – In a surprising turn of events, HSBC Holdings exceeded expectations in its first-quarter earnings report, released recently. The company reported a revenue of $20.8 billion, a 0.3% increase from the same period last year, surpassing the forecasted $16.94 billion. Despite a slight dip in pretax profit to $12.7 billion, down 2% from the previous year’s $12.88 billion, the figure still outperformed analyst estimates of $12.61 billion. The bank’s profit after tax income …