HSBC trades lower as higher credit losses hit Q1 profit (HSBC:NYSE)
HSBC Holdings (HSBC) experienced a decline in its stock price due to higher credit losses impacting its first-quarter profit. Despite growth in revenue and net fee income, the bank's profit before tax decreased. HSBC has also updated its guidance, increasing expected credit losses and net interest income projections.
https://seekingalpha.com/news/4585544-hsbc-trades-lower-as-higher-credit-losses-hit-q1-profit