HSBC First-Quarter Adjusted Pretax Profit Misses Estimates

HSBC reported a significant drop in adjusted pretax profit, missing forecasts. The bank faced increased credit losses, particularly from a failed oil trader in Singapore, leading to a $3 billion charge. This has resulted in downward pressure on net interest margins and a decline in share value. Despite the challenges, some analysts see potential upside. In Hong Kong, HSBC's shares have dipped significantly, and the bank has scrapped its dividend, causing investor dissatisfaction.

What was the adjusted pretax profit for HSBC in the recent report, and how does it compare to the previous year's figure?

What significant charge did HSBC take related to loans, and how much was it?

What factors contributed to the downward pressure on HSBC's net interest margins?

How have HSBC's shares performed over the past year, and what is the analysts' outlook?

What impact did the recent earnings report have on HSBC's dividend policy?