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29-04-2025
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Major Banks Beat Earnings Estimates, Boost Stocks

Date: 29-04-2025
Sources: cnbc.com: 3 | scmp.com: 1
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Source: scmp.com

Image content: The image depicts two people walking in front of a large sign for "HSBC 160". The sign is large and features red neon letters with white outlines, displaying the text "HSBC 160" prominently.

Summary

HSBC and Deutsche Bank reported stronger-than-expected Q1 2025 earnings, driven by robust performance in their wealth and investment banking divisions. HSBC announced a $3 billion share buyback, while Deutsche Bank's results put it on track to meet its 2025 targets. The positive earnings news contributed to a steady stock market, with S&P 500 futures near the flatline as investors awaited earnings reports from major tech companies.

Key Points

  • HSBC's Q1 2025 earnings beat estimates, with profit before tax at $9.48 billion
  • Deutsche Bank's Q1 2025 net profit reached 1.775 billion euros, up 39% year-on-year
  • Both banks' strong results were driven by robust performance in their wealth and investment banking divisions

Articles in this Cluster

HSBC Q1 2025 earnings

29-04-2025

HSBC's Q1 2025 earnings beat estimates due to strong performance in its wealth business and corporate and institutional banking segment, with profit before tax at $9.48 billion vs. $7.83 billion expected. The bank announced a $3 billion share buyback and warned of heightened macroeconomic uncertainty due to protectionist trade policies. Despite a 25% year-on-year decline in profit before tax, it rose 317% from the previous quarter. HSBC's CEO expressed confidence in delivering targets, and the bank's restructuring is expected to bring cost savings. HSBC shares rose 1.5% in Hong Kong trading.

Deutsche Bank (DBK) Q1 earnings 2025

29-04-2025

Deutsche Bank reported a higher-than-expected Q1 2025 profit, with net profit attributable to shareholders reaching 1.775 billion euros, up 39% year-on-year. The bank's core investment banking division saw a 10% jump in net revenues, driven by a 17% increase in fixed income and currencies. CEO Christian Sewing stated that the results put the bank on track to meet its 2025 targets and marked its best quarterly profit in 14 years. The bank's CET 1 capital ratio remained stable at 13.8%, and its post-tax return on tangible equity rate was 11.9%, exceeding its 2025 target of 10%.

Stock market today: Live updates

29-04-2025

S&P 500 futures were near the flatline on Tuesday morning after the index's fifth straight winning session, as investors awaited earnings reports from major tech companies including Meta Platforms, Microsoft, Apple, and Amazon. The S&P 500 had gained less than 0.1% on Monday, while the Dow added about 0.3% and the Nasdaq Composite ticked 0.1% lower. About 73% of S&P 500 companies that have reported earnings so far have exceeded expectations, below the 5-year average of 77%. Investors are also monitoring economic data on home prices, consumer confidence, and job openings. The Dow and S&P 500 are on track to finish April in the red, having tumbled more than 4% and 1% respectively.

Developing | HSBC unveils US$3 billion in stock buy-back after first-quarter profit beats estimates | South China Morning Post

29-04-2025

HSBC announced a US$3 billion share buy-back program and a first-quarter dividend of 10 US cents per share after its first-quarter profit beat analysts' estimates. The bank's net profit fell 32% to US$6.93 billion, or 39 US cents per share, but exceeded the US$5.39 billion expected by analysts. HSBC's CEO Georges Elhedery attributed the strong results to momentum in earnings and discipline in executing the bank's strategy.