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HSBC third-quarter profit jumps 32% and bank plans buyback

Published

HSBC reported pre-tax profit of $9.6 billion for the third quarter and announced a share buyback of up to $1 billion. Its Hong Kong-listed shares fell after the results, with outlets giving different sizes for the drop.

Net interest income rose 6% to $9.3 billion, helped by higher interest rates. Revenue was $18.6 billion, up from $17.8 billion a year earlier, but below analyst expectations of $18.93 billion. Operating expenses fell 12% to $8.8 billion.

Expected credit losses were $800 million, down 17% from a year earlier. A year earlier, the bank had recorded legal provisions of $1.4 billion. Revenue in the wealth division was flat at $2.7 billion.

HSBC approved a third interim dividend of 10 cents per share. The dividend and the buyback are both unchanged from the previous quarter. Reports put the fall in the Hong Kong share price at 2.95% and at 5%.

Key facts

Who
HSBC (Bank, described as Europe's biggest bank by market value)
What
HSBC reported that its profits rose 32 per cent in the three months to September 30, which the article says was helped by cost-cutting and rising interest rates. The article is a brief summary with no further detail.
When
27 October 2026
Where
Hong Kong
Status
Reported

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