HSBC plans to reveal earnings every quarter

HSBC is planning to start reporting its earnings quarterly, and has released its first-quarter earnings for 2010 to aid comparison ahead of next Monday’s financials.

Net profit at the bank for the three months to 31 December was $3.24bn (£1.97bn), rising 2.8 per cent from the third-quarter.

Loan impairment charges were up 7.1 per cent from the third quarter, to $3.37bn from $3.15bn.

Previously the group only announced half-year and full-year earnings.