Second-quarter underlying revenue rose 7% to $19.0bn ($18.6bn expected), with growth driven by higher banking net interest income and strong fee income.
Underlying profit before tax rose 13% to $10.3bn. Credit impairments were broadly flat at $1.1bn.
The CET1 ratio, a key measure of financial resilience, was 14.1% at the end of the half (14.0-14.5% target range). A second interim dividend of $0.10 per share was announced alongside a new share buyback of up to $1bn.
Guidance now points to banking net interest income of ‘at least’ $46bn in 2026 (previously ‘around’ $46bn).
The shares were down 1.2% in early trading.
Our view
HL view to follow.
HSBC key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.