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Europe’s largest lender HSBC on Tuesday beat third-quarter profit expectations as the bank’s net interest income rose while performance of its wealth segment was also robust.
The bank’s profit before tax for the three months ended in September was $7.3 billion, down nearly 14% from a year ago due to higher operating expenses, namely from notable items, including legal provisions of $1.4 billion.
Here are HSBC’s second-quarter 2025 results compared with consensus estimates compiled by the bank.
The lender expects banking NII of $43 billion or more in 2025, citing rising confidence in the near-term trajectory for policy rates in key markets such as the United Kingdom and Hong Kong. It forecast double-digit percentage average annual growth in fee and other income from its wealth division over the medium term.
