HSBC Holdings PLC reported a profit of $12.7 billion for Q1 2024, down $0.2 billion from the previous year, after completing the sale of its banking business in Canada and agreeing to sell its business in Argentina. The company announced a total of $8.8 billion in shareholder distributions, including a special dividend of $0.21 per share, driven by its strong performance and ongoing focus on higher-value markets.