HSBC said third-quarter pretax profit rose 32 percent to $9.6 billion on higher revenue and lower costs, and announced a share buyback of up to $1 billion plus a 10-cent interim dividend.
HSBC Holdings reported third-quarter pretax profit of $9.6 billion, up 32 percent from a year earlier, and said it intends to launch a share buyback of up to $1 billion.
Revenue rose 5 percent to $18.6 billion, driven mainly by higher banking net interest income of $9.3 billion. Operating expenses fell to $8.8 billion, helped by the absence of $1.4 billion in legal provisions recorded in the same quarter last year. Annualised return on tangible equity reached 17.7 percent.
The bank approved a third interim dividend of 10 cents per share. Customer deposits and lending balances both increased, with notable deposit growth in Hong Kong.
HSBC’s own earnings release confirms the $9.6 billion pretax figure, the 32 percent increase, the $18.6 billion revenue, the 17.7 percent RoTE and the planned $1 billion buyback. The Financial Times and CNBC reported the same headline numbers and the dividend. No material contradictions appear in the coverage.
Chief executive Georges Elhedery said the results reflected consistent execution of strategic priorities and clients turning to the bank amid uncertainty. The bank reaffirmed its target of a return on tangible equity of 17 percent or better for 2026–2028 excluding notable items. The next markers will be completion of the new buyback by the full-year results and any update to cost or capital guidance.
People Sentiments Public Mood: Positive
- Georges Elhedery: Our performance shows that in a more complex world clients continue to turn to us to navigate uncertainty and seize new opportunities.