HSBC Holdings PLCHSBA
▲ PositiveCapitalrelevance
HSBC lifted 2026 banking net interest income guidance to at least $46 billion and reiterated 2028 revenue growth and ROTE targets.
Impact on assets 3
Financials
HSBC Holdings is sharpening its growth strategy around businesses where it already has scale and competitive advantages, funding expansion through exits and simplification savings. At the Barclays Global Financial Services Conference, chief financial officer Pam Kaur said all four of HSBC's businesses are growing and generating returns above the minimum targets set earlier this year, with near-term investment priorities including Hong Kong, wealth management, data and AI, U.K. small and midsize enterprises, and wholesale transaction banking. Second-quarter net new money in wealth reached $22 billion, an annualized growth rate of 8%, while trade loans rose 30% year over year to $120 billion and trade revenues increased 13% to $800 million. HSBC has announced 15 business or market exits since the start of 2025, representing roughly $1.1 billion of costs and about $2 billion of revenue, and raised its organizational simplification savings target to $2 billion from $1.5 billion. The bank reiterated its target for revenue growth to rise to 5% year over year by 2028 and for return on tangible equity of at least 17% through 2028, excluding notable items, and lifted 2026 banking net interest income guidance to at least $46 billion.
HSBC Holdings PLCHSBC lifted 2026 banking net interest income guidance to at least $46 billion and reiterated 2028 revenue growth and ROTE targets.
Barclays PLC
UBS Group AG