{"id":97475,"date":"2026-08-04T22:47:03","date_gmt":"2026-08-04T22:47:03","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/97475\/"},"modified":"2026-08-04T22:47:03","modified_gmt":"2026-08-04T22:47:03","slug":"hsbc-restarts-buybacks-as-profits-mushroom-on-hong-kong-growth","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/97475\/","title":{"rendered":"HSBC restarts buybacks as profits mushroom on Hong Kong growth"},"content":{"rendered":"

\"HSBC<\/a> HSBC restarts buybacks as profits mushroom on Hong Kong growth Proactive uses images sourced from Shutterstock <\/p>\n

HSBC Holdings PLC (LSE:HSBA)<\/a>\u00a0has unveiled a $1 billion share buyback, its first since pressing pause in October, after second-quarter profit earnings beat forecasts, supported by higher net interest income and growth in wealth. <\/p>\n

The FTSE 100’s largest company reported pre-tax profit of $19.5 billion for the first six months of 2026, up 23% from a year earlier. <\/p>\n

Second-quarter pre-tax profit jumped 60% to $10.1 billion, beating the consensus estimate of $9.51 billion. The comparison was flattered by a $2.1 billion charge relating to HSBC’s stake in China’s Bank of Communications a year earlier. <\/p>\n

Overall, first-half profit benefited from a favourable $2.2 billion year-on-year swing in notable items. Excluding notable items and currency movements, pre-tax profit increased by $1.1 billion to $20.4 billion. <\/p>\n

First-half revenue rose 11% to $37.7 billion, while banking net interest income increased 8% to $22.9 billion, helped by deposit growth and the reinvestment of HSBC’s structural hedge at higher yields.\u00a0The Asia-focused bank also nudged guidance higher, saying banking NII would be “at least” $46 billion rather than “around” $46 billion previously. <\/p>\n

Wealth and wholesale transaction banking fees also benefited from stronger customer activity, particularly in Hong Kong. <\/p>\n

Expected credit losses increased 20% to $2.4 billion, including charges relating to UK fraud exposure, Hong Kong commercial property and uncertainty caused by the Middle East conflict. <\/p>\n

Alongside the resumption of buybacks, which were halted after HSBC proposed buying the remaining shares in Hang Seng Bank for about $13.6 billion last October, a second interim dividend of 10 cents per share was also approved. <\/p>\n

The key target for a return on average tangible equity of at least 17% through 2028 was maintained. <\/p>\n

Chief executive Georges Elhedery said: “HSBC is becoming the stronger bank we set out to build. We are executing our strategic priorities with pace, precision and discipline.” <\/p>\n","protected":false},"excerpt":{"rendered":"HSBC restarts buybacks as profits mushroom on Hong Kong growth Proactive uses images sourced from Shutterstock HSBC Holdings…\n","protected":false},"author":2,"featured_media":97476,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[4629,41266,1772,9881,12859,11030],"class_list":["post-97475","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-consensus-estimate","tag-deposit-growth","tag-hong-kong","tag-hsbc","tag-net-interest-income","tag-pre-tax-profit"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117039676938965119","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/97475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=97475"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/97475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/97476"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=97475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=97475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=97475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}