fintech / news / / Euronews
HSBC reported a slight contraction in profits citing significant credit impairments linked to the Iran war.
HSBC reported a 1.1% drop in pre-tax profit, missing analyst forecasts for Q1 2026.
KEY POINTS
- HSBC's credit impairment charges surged to $1.3 billion, mainly due to the Iran war's impact.
- UniCredit outperformed expectations, raising its 2026 net profit target to at least €11 billion.
- AB Inbev's no-alcohol and Beyond Beer segments saw revenue growth of 27% and 37%, respectively.
COMPANIES
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