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<Research>G Sachs: HSBC HOLDINGS 3Q Rev. Stellar; Guidance for 2025 NII Lifted
Recommend 33 Positive 41 Negative 43 |
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According to a report from Goldman Sachs, HSBC HOLDINGS (00005.HK) announced its 3Q25 results at noon, indicating that its fixed-rate pre-tax profit (excluding notable items) on the basis of alternative performance measures reached USD9.1 billion, 7% and 9% higher than the broker's and the market's forecasts, respectively. HSBC HOLDINGS's revenue growth was fueled by both banking and non-banking NII exceeding expectations. Its costs and credit provisions were largely in line with forecasts. The CET 1 ratio of 14.5% also met the market consensus. HSBC HOLDINGS lifted its FY25 NII guidance for its banking business to USD43 billion or more from around USD42 billion (market consensus at USD42.5 billion). Goldman Sachs didn't provide an investment rating for HSBC HOLDINGS. The broker acts as a joint financial advisor for HSBC HOLDINGS' privatization plan of HANG SENG BANK (00011.HK) announced earlier this month. AAStocks Financial News |
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