Movement Alert|HSBC Holdings PLC Intraday Decline 6% in Regular Trading, Q3 Misses Expectations Despite Buyback and Dividend

Market Focus10-27 21:30

On October 27, HSBC Holdings PLC recorded an Intraday Decline 6% in Regular Trading, trading at $85.8 per share with turnover of $32.2755 million.

The main catalyst was its third-quarter earnings release: profit and revenue both rose year over year but came in slightly below market expectations, while its CET1 ratio of 13.9% also missed the 14.1% consensus.

For the quarter, revenue was $18.62 billion versus expectations near $18.98 billion to $19.09 billion, and adjusted EPS was reported below analyst forecasts. Pretax profit reached about $9.6 billion, up 32% from a year earlier but still marginally under consensus. The bank also approved a third interim dividend of $0.10 per share and announced a new share buyback of up to $1 billion, while maintaining guidance for net interest income above $46 billion and a return on average tangible equity of at least 17% over 2026-2028. Even so, several broker notes highlighted weaker-than-expected revenue, softer net interest income, deposit migration pressure, and the capital ratio shortfall as the key reasons the shares came under pressure.

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