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HSBC raised its price target to $1,100 from $1,040 and said GE Vernova’s wind division “looks largely derisked,” according to The Fly.
Europe’s biggest bank plunged as slowing wealth growth and a revenue miss overwhelmed a 32% profit jump, pulling UK lenders lower before a crucial week of bank earnings and central-bank decisions.
Investors came into HSBC Holdings’ Q3 2026 earnings already on the back foot, with the stock down about 17% over the past three months and around 15% over the past month. The mood looked tired. The results were anything but.
HSBC targets $2 billion in annual savings by 2026 as restructuring improves cost efficiency, boosts profitability and supports earnings growth.
CFO Kaur discusses $18.7B revenue growth and $1.9B in simplification savings.
HSBC profits jumped in the third quarter thanks to higher interest rates and lower costs, the bank giant said Tuesday, but its share price slid as the results undershot investor expectations."Investors already know that higher interest rates are benefiting…
HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC), the international banking group, has retained its 2026 financial guidance after third-quarter profits broadly matched expectations, although analysts have questioned whether forecasts for net interest income growth in…
HSBC (NYSE:HSBC) reported third-quarter revenue growth of 5% and a 10% increase in profit before tax excluding notable items, while reaffirming its full-year guidance and announcing an up to $1 billion share buyback.
HSBC Holdings (HSBC) shares fell more than 6% in Hong Kong on Tuesday, October 27, to about HK$133, after the bank’s third-quarter results came in just short of forecasts. Pretax profit rose 32% to $9.
Investing.com - European shares closed mostly higher on Tuesday, despite sharp post-earnings sell-offs in banking heavyweight HSBC and consumer goods maker Reckitt neutralizing advances in healthcare and specialized technology, with investors turning cautious…
Investing.com - European shares erased early gains to trade flat on Tuesday, as sharp post-earnings sell-offs in banking heavyweight HSBC and consumer goods maker Reckitt neutralized advances in healthcare and specialized technology, with investors turning…
HSBC has cut its economic growth forecasts for the UK the day before John Healey’s first Budget.