HSBC Shares Fall 6% Despite 32% Profit Jump as Revenue Misses Estimates

Name: HSBC Shares Fall 6% Despite 32% Profit Jump as Revenue Misses Estimates
Uploaded: 2026-10-27T21:02:46.534497+00:00
Description: HSBC reported a 32% year-on-year jump in third-quarter pretax profit to $9.63bn on Oct. 27, 2026, narrowly below its roughly $9.7bn consensus forecast, and launched a new buyback of up to $1bn. Shares fell more than 6% in Hong Kong as investors zeroed in on a revenue shortfall and slowing wealth-management momentum.

HSBC reported a 32% year-on-year jump in third-quarter pretax profit to $9.63bn on Oct. 27, 2026, narrowly below its roughly $9.7bn consensus forecast, and launched a new buyback of up to $1bn. Shares fell more than 6% in Hong Kong as investors zeroed in on a revenue shortfall and slowing wealth-management momentum.

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