Apr 29, 2025 / 06:45AM GMT
Operator
(Operator Instructions)
Welcome, ladies and gentlemen, to the analyst and investor webinar on the first quarter results for HSBC Holdings plc. For your information, this webinar is being recorded.
I will now hand over to Georges Elhedery, Group CEO.
Georges Elhedery - HSBC Holdings PLC - Group Chief Financial Officer, Executive Director
Welcome all to today's call. I'm joined here in London by Pam. Before Pam takes you through the numbers, I would like to begin with some opening remarks.
Overall, there was a strong quarter marked by three key drivers. Momentum in our earnings, discipline our execution, and confidence in our ability to deliver our targets. First, we have strong momentum in our business. We had a strong first quarter with profit before tax up 11% and an annualized return on tangible equity of 18.4%, both excluding notable items.
We had our fifth consecutive quarter of double-digit growth in wealth and attracted net new invested assets of $22 billion as well as another 300,000 new-to-bank customers in Hong
Q1 2025 HSBC Holdings PLC Earnings Call Transcript
Apr 29, 2025
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