[REVISION HISTORY]

Global banking sector third-quarter earnings

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2026-10-27 11:13 UTC → 2026-10-27 18:08 UTC · added ~~removed~~

The third-quarter financial results for major banking institutions show varying trends in profitability and shareholder returns. HSBC Holdings reported a 32% increase in third-quarter pre-tax profits, totaling approximately $9.6 billion, driven by high interest rates, higher net interest income, and reduced credit impairment charges. Specifically, net interest income rose 6% to $9.3 billion, while the absence of $1.4 billion in legal provisions compared to the previous year bolstered results. Despite this surge, the bank’s revenue of $18.6 billion ~~and earnings slightly~~ missed analyst ~~expectations,~~ expectations of approximately $19 billion, leading to a sharp decline in its Hong Kong and London shares of between 5% and 7%. While wealth management inflows previously drove growth, recent reports indicate revenue from this division has ~~shown signs of stagnation.~~ stagnated at $2.7 billion. In response to its financial position, HSBC announced a new share buyback program of up to $1 billion to be completed by the time the 2026 annual report is published. The bank also approved a third interim dividend of 10 US cents per share and reaffirmed long-term financial targets, including a return on tangible equity of at least 17% for the 2026-2028 period. Similarly, Bank of Hawaii Corporation saw a 20.5% year-over-year increase in third-quarter net income to $64.3 million, though its earnings per share of $1.49 fell below the $1.51 analyst consensus. The bank reported an expanded net interest margin of 2.82% and approved an additional $200 million for share repurchases.

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