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A pedestrian pbades by a light signal for HSBC Holdings Plc displayed in front of a bank branch in the central district of Hong Kong, China.
Anthony Kwan | Bloomberg | Getty Images
HSBC, the largest bank in Europe, is expected to release its first quarter results on Friday.
Refinitiv's badysts' forecasts have shown that the bank's pre-tax earnings are expected to reach $ 5.399 billion for the January to March period, up from $ 4.775 billion in the year. former.
Revenues for the first quarter are expected to be $ 13.788 billion, a slight change from the $ 13.71 billion reported by the bank a year ago, according to Refinitiv.
Investors will also monitor the bank's progress in controlling costs, particularly after failing to achieve its positive "jaws" objective. The jaw ratio is positive when income rises faster than costs. HSBC ended the year 2018 with jaws below 1.2%.
Shares listed on the HSBC Hong Kong Stock Exchange were down about 0.4% Friday, but the stock market performance for the year is still up about 5%. Meanwhile, the shares of the bank on the London Stock Exchange have lost about 3.22% since the beginning of the year.
HSBC, headquartered in London, derives the bulk of its profits from Asia. A number of its UK banking counterparts such as Barclays and Royal Bank of Scotland over the last few weeks have announced a decline in their profits in the first quarter.
But Standard Chartered, another British bank specializing in emerging markets, including Asia, has recorded a 10% rise in its quarterly profits.
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