Business
HSBC Q3 Profit Rises 32% to $9.6 Billion as Shares Slide 5%
October 27, 2026 at 09:28 AM · Updated 30m ago
Coverage
3 reports · 2 in Arabic, 1 in English · over 3 hours
HSBC reported a 32% rise in pre-tax profit for the third quarter, while its Hong Kong-listed shares fell 5% on the results.
- HSBC reported pre-tax profit of $9.6 billion for July–September, up 32% from the same period last year.
- The bank's Hong Kong-listed shares fell 5% after the results, though they remain up 11% year to date.
- HSBC announced a share buyback program of up to $1 billion and an interim dividend of $0.1 per share, both unchanged from the prior quarter.
- Expected credit losses fell 17% to $800 million, driven by lower costs in Hong Kong's property sector and wealth management activities in Britain and Mexico.
- HSBC chief financial officer Pam Kaur said the bank feels no pressure to move its UK headquarters despite expected higher bank taxes in Wednesday's budget.