Hsbc's Third: quarter profit jumps 32%, in line with estimates
27/10/2026 04:03
HSBC's third-quarter profit jumps 32%, in line with estimates HONG KONG/LONDON, Oct 27 (Reuters) - HSBC HSBA.L reported a 32% surge in third-quarter profit on Tuesday, as rate hikes helped boost net interest income, while its wealth management division benefited from turbulent market conditions that prompted an influx of new clients.
Pretax profit for Europe's largest bank came in at $9.6 billion for the July-September quarter.
That compares with $7.3 billion for the same period a year earlier and an average estimate of $9.7 billion in a poll compiled by HSBC.
(Reporting by Selena Li in Hong Kong and Lawrence White in London; Editing by Edwina Gibbs)
((Selena.Li@thomsonreuters.com; +852 39525868;))