{
  "id": 16712214,
  "title": "HSBC net profit rises in Q3 but misses forecasts",
  "url": "https://urgent.news/2026/10/27/hsbc-net-profit-rises-in-q3-but-misses-forecasts-16712214",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T05:07:49.000Z",
  "source": {
    "name": "RTHK News",
    "slug": "rthk-news",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1875488-20261027.htm"
  },
  "original_language": "en",
  "account": "HSBC reported a third-quarter net profit of US$7 billion, up 45.5 percent year-on-year, but missing analysts' forecasts. Shareholder profit climbed to US$9.6 billion, a 32 percent increase, while revenue grew by US$0.8 billion to US$18.6 billion. CEO Georges Elhedery emphasized the bank's restructuring efforts to bolster investment capacity and shareholder returns. The bank approved a third interim dividend of US$0.10 per share and announced a second US$1 billion share buyback, following the previous one in three months. HSBC remains confident in meeting its targets, aiming for 5 percent revenue growth from 2026 to 2028, up from 4 percent in 2027. Expected credit losses fell 17 percent to US$800 million, largely due to reduced charges from Hong Kong's real estate sector and its UK and Mexican wealth businesses. HSBC projected at least US$46 billion in net interest income for 2025.",
  "summary": "Banking giant HSBC on Tuesday said net profit in the third quarter rose a less-than-expected 45.5 percent year-on-year as the London-headquartered lender continued to restructure operations and cut costs. Profit attributable to shareholders for the three months ending in September stood at US$7 billion, from US$4.87 billion a year earlier, HSBC said in a filing to the Hong Kong stock exchange.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}