HSBC reported a strong third quarter for 2026, characterized by a 32% increase in profit before tax and the initiation of a new capital return program. Revenue growth was primarily driven by banking net interest income and increased activity in the Corporate and Institutional Banking division. The bank is progressing with its organizational simplification plan, which has already actioned significant annualised cost savings as it moves toward its 2028 targets.
Key Highlights
- Revenue rose 5% year-over-year to $18.62 billion, outperforming the analyst consensus of $16.14 billion.
- Profit before tax increased by $2.3 billion to $9.6 billion, largely due to the non-recurrence of $1.4 billion in legal provisions recognized in the same period last year.
- The Group announced a new share buy-back of up to $1 billion and a third interim dividend of $0.10 per share, reflecting robust capital generation and a CET1 ratio of 13.9%.