Brief: HSBC Initiates A Share Buy-Back Of Up To $1 Billion
BRIEF-HSBC Initiates A Share Buy-Back Of Up To $1 Billion Oct 27 (Reuters) - HSBC Holdings PLC 0005.HK:
INITIATE A SHARE BUY-BACK OF UP TO $1BN
DECLARED THIRD INTERIM DIVIDEND OF $0.10 PER SHARE
Q3 NET INTEREST INCOME USD 9,300 MILLION
Q3 PRETAX PROFIT USD 9,600 MILLION
Q3 NET INTEREST MARGIN 1.6%
Q3 CET1 CAPITAL RATIO 13.9%
EXPECT THAT THE IMPACT ON THE GROUP CET1 CAPITAL RATIO AT 1 JANUARY 2027 WILL BE A BENEFIT OF APPROXIMATELY 40–50BPS
CONTINUE TO MANAGE OUR CET1 CAPITAL RATIO WITHIN OUR MEDIUM-TERM TARGET OPERATING RANGE OF 14% TO 14.5%.
CONTINUE TO EXPECT AN ECL CHARGE AS A PERCENTAGE OF AVERAGE GROSS CUSTOMER LOANS OF AROUND 45BPS FOR 2026
MAINTAIN OUR DIVIDEND PAYOUT RATIO TARGET BASIS OF 50% FOR 2026, 2027 AND 2028
EXPECT BANKING NII OF AT LEAST $46BN IN 2026
SEES ROTE OF 17% OR BETTER FOR 2026, 2027 AND 2028, EXCLUDING NOTABLE ITEMS.
TARGET YEAR-ON-YEAR GROWTH IN REVENUE FROM 2026 TO 2028, RISING TO 5% GROWTH IN 2028 COMPARED WITH 2027
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