India, April 29 -- British lending major HSBC Holdings Plc (HSBA.L,HSBC) reported Tuesday lower profit and revenues in its first quarter.
Further, the Board has approved a first interim dividend for 2025 of $0.10 per share.
The company now intends to initiate a share buy-back of up to $3 billion, which is expected to commence shortly after annual general meeting on May 2 and to complete within the period before 2025 interim results announcement.
Looking ahead, the company continues to expect banking NII of around $42 billion in 2025.
The company still expects a mid-teens return on average tangible equity in each of the three years from 2025 to 2027 excluding notable items.
HSBC added, "Given current levels of uncertainty and market tur...