Global Market: HSBC H1 profit jumps 23%, beats estimates on strong wealth, interest income

retained text

Europe's largest bank posted a pretax profit of $19.5 billion for the first six months of the year, compared with $15.8 billion in the corresponding period last year.
The result exceeded the $18.9 billion average estimate compiled by HSBC from broker forecasts, reflecting resilient performance across its core businesses despite an evolving global interest rate environment.
Growth in net interest income, along with stronger wealth management revenues, helped offset broader macroeconomic uncertainties. According to Reuters, increased customer investment activity and dealmaking contributed to higher fee income during the period.
HSBC resumes share buybacks
Alongside its earnings, HSBC announced a new share repurchase programme of up to $1 billion, marking its first buyback since completing the privatisation of Hong Kong-based Hang Seng Bank.
The move signals the lender's continued focus on returning excess capital to shareholders while maintaining confidence in its capital position.
Interim dividend declared
HSBC also declared a second interim dividend of $0.10 per share, matching the interim payout announced in May.
The combination of the dividend and the renewed share buyback underscores the bank's commitment to shareholder returns following a stronger-than-expected first-half financial performance.
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

document fetched 2026-08-04 08:44