HSBC reported a 23 percent increase in first-half profit, exceeding analysts' expectations. The bank also raised its cost-savings target and announced a new 1 billion dollar share buyback programme.
Following the restructuring, the major bank is earning more than analysts had expected. (Image: Shutterstock)
Tuesday, 4 August 2026 10:32
According to a statement, HSBC posted pre-tax profit of 19,5 billion dollar for the first six months of the year, up from 15,8 billion dollar in the same period last year. The result exceeded the consensus analyst forecast of 18,9 billion dollar compiled by HSBC.
The bank attributed the earnings growth to higher net interest income from its banking operations, increased fee and other income—particularly in its Wealth and Wholesale Transaction Banking businesses—and a positive net impact from notable items.
