0645 GMT - Focus on HSBC's earnings call will likely be on the sustainability of its strong fee results, RBC Capital Markets says in a research note. The bank reported adjusted pretax profit 15% ahead of consensus on higher-than-expected income from fees, driven by transaction banking, wealth and capital markets. HSBC's revenue has been more stable than expected on deposit and fee growth but lower rates and foreign exchange are set to be headwinds this year and next, analysts Benjamin Toms and Pablo de la Torre Cuevas write. How much tariffs will affect the group's growth is unclear and management will also be asked about the impact of trade wars on the business in the call, they add. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 02:45 ET (06:45 GMT)
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