HSBC posted a 12% hike in adjusted pre-tax profit for the first three months of 2017,beating analysts’ expectations.
“Our cost-saving programme remains on track to hit the higher cost-saving target we announced at our annual results,” CEO Stuart Gulliver said in a statement published on Thursday.
Profit, after discounting one-off items, increased to $5.94 billion (£4.6 billion) while revenue rose 2% to $12.8 billion.
