The quarter enjoyed massive loan provision recoveries and strong fee income generation. Unfortunately, the quarterly earnings generation was fully offset by negative equity adjustments, leaving the group’s equity position unchanged. Management is cautiously optimistic on the remainder of 2021 as illustrated by the delayed decision on capital distribution in spite of a strong equity position.

27 Apr 2021
Provision releases offset by negative equity adjustments

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Provision releases offset by negative equity adjustments
HSBC Holdings Plc (HSBA:LON) | 550 -30.8 (-1.0%) | Mkt Cap: 109,762m
- Published:
27 Apr 2021 -
Author:
David Grinsztajn - Pages:
-
The quarter enjoyed massive loan provision recoveries and strong fee income generation. Unfortunately, the quarterly earnings generation was fully offset by negative equity adjustments, leaving the group’s equity position unchanged. Management is cautiously optimistic on the remainder of 2021 as illustrated by the delayed decision on capital distribution in spite of a strong equity position.