HSBC Q1 Beat And CEO's Surprise Exit 📱DCPH IBRX 📈 DB SOFI 📉

FlowBank's hand-curated fresh financial news [header_noDither] HSBC Beats Q1 Expectations, CEO Announces Retirement HSBC reported a first-quarter revenue of $20.8 billion, exceeding forecasts and marking a 3% increase from the previous year, while pretax profit slightly declined to $12.65 billion. The bank announced dividends following a successful sale in Canada and shared news of CEO Noel Quinn's upcoming retirement after nearly five years at the helm. HSBC's financial outlook for 2024 remains stable, aiming for a mid-teens return on average tangible equity and maintaining a healthy capital ratio. WHAT'S MOVING [Group 1742 (81)] [Start Trading](113/cXx8Z04/VWHtcD2xg_3HW27ThSG2M977CW6cqVBw5dw84SN1PJbts2-ZVTW6N1vHY6lZ3nCW1m-fyM4RPlYrW8_Yrzc55FN4xV8l0fJ5rxSmQW5NlGg05PsxFYVK3LRX3YmwLHW8rMMVX51vbbCW4XCKh14zfdggW8bTdJY8cnzDnVbG55R6d-SQPW6NF3V92206g8W5YyXlh5g0yf3VGQThs5v_B4mW7kTtvb5bGn9HW7-g_RS2l080SW2ZfpyC7XMv_CW2qKzry6tnC0sW2N7Qj04YKF3RW71w_nM8MtNxZN1y1trvqgX-yW2_gbVh7NKNcQW7Ssb7x6KlmJ3W6P7q-25v9Qg2dsPnNv04) [Group 3 (75)-1] Samsung Samsung Electronics reports a staggering 932.8% increase in operating profit for Q1, with revenue hitting 71.92 trillion Korean won, boosted by strong Galaxy S24 sales and rising memory chip prices due to AI demand. [Group 1754 (25)] Kering Kering shares drop over 9% following a profit warning due to decreased demand for Gucci, forecasting a 40-45% decline in first-half operating income amid tough market conditions, especially in China. [Group 1753 (26)] Paramount Paramount Global CEO Bob Bakish is being replaced by a group of executives and Skydance Media is making a final offer to merge with Paramount. WHAT'S COMING UP? EUR: German GDP (QoQ) (Q1): Exp. 0.1% v Prev. -0.3% EUR: CPI (YoY) (Apr): Exp. 2.4% v Prev. 2.4% USD: Chicago PMI (Apr): Exp. 44.9 v Prev. 41.4 USD: CB Consumer Confidence (Apr): Exp. 104.0 v Prev. 104.7 IN OTHER NEWS Wall Street Wall Street indexes edged higher on Monday ahead of a data-packed week. The S&P 500 gained 0.32%, the Nasdaq Composite rose 0.35%, and the Dow Jones Industrial Average climbed 0.38%. Investors are looking ahead to a busy week with earnings reports from major companies, the Federal Reserve's interest rate decision, and the latest jobs report. [Group 1769] Europe European markets are expected to open mostly flat on Tuesday ahead of key earnings reports and economic data releases. The FTSE 100 is expected to open slightly lower by 0.02%, while the DAX and CAC 40 are forecast to open down slightly by 0.04% and 0.04% respectively. The FTSE MIB is expected to be the only major index to open higher, up 0.04%. MARKET INSIGHTS Dollar Faces A Make Or Break Moment The U.S. dollar is undergoing a consolidation phase following its strongest performance in over a year earlier this month, driven by a rush to safe-haven assets amidst geopolitical tensions in the Middle East. [Read more](113/cXx8Z04/VWHtcD2xg_3HW27ThSG2M977CW6cqVBw5dw84SN1PJbsT2-ZVTW5BW0B06lZ3p-W5MXDZW7R7Gx4W8B53dJ4XDd8HW5qR6tD79DDxPW79VRBS1tT_cRW5Kp9mx70mD7yW8Y2Sb_89TfK-W5sXGxn6V1vLPW2NTLqB5YHN0vW3tFnDn22Kc1QW7gV0fc7bWxWjW8MPbBR1r9rJ6W6HnwBM8398x7W1_Fj0v40xfqhW71NL_346GSSpW4nPBRM6b7PKvW83rxH721PzfpW6VgHrT88YQBQW6qbPCC7wR0cmf3Ddc6C04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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