HSBC USA Inc, a subsidiary of HSBC Holdings Plc (HBC,HSBA.L) reported that its first-quarter income from continuing operations before income tax expense jumped to $287 million $98 million in the year ago quarter.
Income from continuing operations increased to $183 million from $80 million last year.
However, net income declined to $183 million from $235 million in the prior year quarter.
Net interest income after provision for credit losses for the quarter declined to $484 million from $587 million in the prior year quarter. Total other revenues for the quarter were $592 million, up from $367 million in the year ago quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.