Hong Kong's bourse operator, HKEX, reported a 13% decline in Q1 profits due to weaker listings and trading activities, marking its second consecutive quarterly drop. This period poses a challenge for the new CEO, Bonnie Chan, who is navigating a sluggish trading environment. Additionally, the company's revenue also saw a decrease, with net profits sliding by approximately 12.9%. This downturn in performance is part of a broader trend affecting the financial sector, as evidenced by similar profit declines reported by major banks like BNP Paribas and Barclays.
Barclays Q1 profit falls 12% as trading slump hits https://t.co/MaaJJ53UsH https://t.co/68S4PVCn26
BNP Paribas beats estimates as lower costs offset trading slump https://t.co/cdt2lJDmpu https://t.co/Y4Ble3TjBi
BNP Paribas beat estimates as lower costs offset slump in trading https://t.co/uoTR0pzAgw https://t.co/Ss3NnAKWt3
Barclays swings back to profit in first quarter amid strategic overhaul https://t.co/qE3GWbQiSP
Barclays posts first-quarter revenue that tops estimates after its stock traders collected a surprise windfall from tumultuous global markets https://t.co/KPMhkJd7L7
⚠️ BARCLAYS Q1 PROFIT FALLS 12% Full Story → https://t.co/nrR9PfO8rs Barclays reported its first quarter profit fell 12% on Thursday, as it showed early signs of the difficulties it will face in delivering on its first strategic revamp in a decade.
BNP Paribas Confirms Guidance After Wide Earnings Beat https://t.co/98oz7lJWIK
⚠️ BNP PARIBAS PROFIT TOPS ESTIMATES ON LOWER COSTS AND GLOBAL BANKING Full Story → https://t.co/ETVSwI4pVD BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate…
Hong Kong bourse operator's Q1 profit drops on weaker listings, trading https://t.co/AfcPAXYMx3 https://t.co/9ta6IrVzfl
HKEX’s Profit Falls for Second Straight Quarter on Weak Trading, Listings https://t.co/huMiGYEwv1
Hong Kong stock exchange’s profit slid 13% in the first quarter, underscoring the uphill battle faced by new CEO Bonnie Chan as she navigates a moribund landscape for trading and stock offerings https://t.co/KFY1QJ5aRD
#HKEX’s revenue declined in Q1 amid sluggish trading activities, net profit slid 12.9% https://t.co/qARFciygPw
Hong Kong bourse operator's Q1 profit down 13% on weaker listings, trading https://t.co/wCU11PmgEJ https://t.co/DwNeqEnX2l
⚠️ HONG KONG BOURSE OPERATOR'S Q1 PROFIT DOWN 13% ON WEAKER LISTINGS, TRADING Full Story → https://t.co/46a8woj0nV https://t.co/9y5mgFCaPp