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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