HSBC Holdings (NYSE: HSBC) reported Q1 EPS of $0.52. Revenue for the quarter came in at $20.2 billion. On a constant currency basis, revenue rose by 74%.

Outlook:

"We remain confident of achieving our return on average tangible equity target of at least 12% for 2023 onwards. Based on the current market consensus for global central bank rates, our net interest income expectations are unchanged from our fullyear guidance. While the ECL charge in 1Q23 was relatively benign, given current macroeconomic uncertainty we maintain the guidance provided at our full-year 2022 results of around 40bps of average gross loans in 2023 (including lending balances transferred to held for sale).

We expect the up to $300M severance costs announced at our 2022 full-year results to be concentrated in the second quarter of 2023, with the benefits expected to be realised towards the end of 2023 and into 2024."

For earnings history and earnings-related data on HSBC Holdings (HSBC) click here.