HSBC unifies macro and credit units in a sweeping trading overhaul as it sharpens its push to dominate global debt financing.
Former finance minister George Osborne is among a small number of candidates being considered by the HSBC Holdings board as a potential successor to Sir Mark Tucker, who stepped down as its chairman in September, said a Sky News reporter via an X post on Saturday.
Does HSBC (HSBC) have what it takes to be a top stock pick for momentum investors? Let's find out.
HSBC (HSBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
TER, HSBC and TCBK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on Nov. 7, 2025.
HSBC CEO Georges Elhedery warns that revenue profiles do not justify massive AI investments. Both Elhedery and General Atlantic's William Ford stress that productivity benefits and revenue gains will take several years.
HSBC's Q3 profit slides 13.9% as higher credit losses and legal costs offset stronger revenues and fee income.
Third-quarter results from HSBC Holdings PLC (LSE:HSBA) showed better growth in the right areas, analysts said, as banking net interest income (NII) was upgraded. Profit before tax and notables was 9% above the average City analyst estimate, said UBS, though a $1.1 billion Madoff-related charge announced yesterday was not included in the consensus.
HSBC Holdings PLC (LSE:HSBA) shares rose 3% on Monday after the bank raised its full-year guidance, brushing aside a $1.1 billion provision linked to the Madoff securities fraud. The group's third-quarter underlying profit before tax rose 3% to $9.1 billion, ahead of forecasts, while revenue also climbed 3% to $17.9 billion.
HSBC Holdings PLC (LSE:HSBA) profits fell less than expected for the third quarter as a large legal one-off expense related to the Bernie Madoff case was offset by improved net interest income and a strong performance in its wealth management business. Europe's largest bank made a profit before tax of $7.3 billion, down roughly 14% compared to the same period last year but ahead of analyst expectations that averaged just under $6 billion.
The London-based bank said that net profit fell 21% from a year earlier to $4.87 billion for the three months ended September.
The bank's profit before tax for the three months ended in September was $7.3 billion, down nearly 14% from a year ago.