{
  "id": 16712339,
  "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-16712339",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T05:07:49.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1875488-20261027.htm"
  },
  "original_language": "en",
  "account": "HSBC reported a Q3 net profit of US$7 billion, a 45.5% year-on-year increase, but fell short of forecasts. The London-based lender, restructuring operations and cutting costs, noted a 32% rise in pre-tax profit to US$9.6 billion, alongside a US$0.8 billion revenue boost to US$18.6 billion. CEO Georges Elhedery highlighted the bank's focus on investment, growth, and shareholder returns. The company also approved a third interim dividend of US$0.10 per share and announced a second US$1 billion share buyback following a previous buyback. HSBC retained confidence in meeting earlier set targets, aiming for 5% revenue growth from 2026 to 2028. Credit losses dropped 17% to US$800 million, attributed to reduced Hong Kong real estate charges and lower losses in the UK and Mexico. The bank anticipated 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."
}