Investing.com - HSBC reported first quarter earnings that Beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of £0.16 on revenue of £11.07B. Analysts polled by Investing.com expected EPS of £0.15 on revenue of £10.68B. That compared to EPS of £0.11 on revenue of £10.25B in the same period a year earlier. The company had reported EPS of £0.05 on revenue of £9.74B in the previous quarter.
HSBC shares gained 2.55% to trade at £684.70 in intra-day trade following the report.
HSBC follows other major Financial sector earnings this month
On Thursday, Lloyds Banking reported first quarter EPS of £0.01 on revenue of £4.42B, compared to forecasts of EPS of £0.02 on revenue of £4.58B.
RBS PLC earnings missed analysts' expectations on April 26, with first quarter EPS of £0.06 on revenue of £3.04B. Investing.com analysts expected EPS of £0.07 on revenue of £3.26B
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