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HSBC Q1 earnings top analyst estimates as provisions fall

Investment bank posts strong numbers while bad-loan provisions fall 29%

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HSBC Holdings, Europe's largest bank, said first-quarter profit rose 4.4 per cent, beating analysts' estimates, as revenue at its securities unit rose and bad-loan provisions dwindled.

London

HSBC Holdings, Europe's largest bank, said first-quarter profit rose 4.4 per cent, beating analysts' estimates, as revenue at its securities unit rose and bad-loan provisions dwindled.

Pretax profit rose to US$7.1 billion from US$6.8 billion a year earlier, HSBC said on

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