Some analysts had predicted that tough markets and higher costs would force HSBC (LSE: HSBA) to cut its generous dividend payout. But despite a plunge in profits in the first-quarter, the bank had good news for shareholders.
VIDEO: One Fool finds the diamond in the rough from HSBC Holdings plc (LON:HSBA)’s recent run.
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Some analysts had predicted that tough markets and higher costs would force HSBC (LSE: HSBA) to cut its generous dividend payout. But despite a plunge in profits in the first-quarter, the bank had good news for shareholders.