HSBC Q2/H1 26 Earnings:
Revenue: $37.74B Pretax Profit: $10.1B (est $9.51B) Net Interest Income: $18.23B Net Interest Margin: 1.61% Expected Credit Loss Charge: $2.35B CET1 Ratio: 14.1% (est 14.2%) Sees Banking NII Of At Least $46B In 2026 Sees Return On Average Tangible Equity Of 17% Or Better For 2026, 2027 And 2028, Excluding Notable Items Expects ECL Charge As Percentage Of Average Gross Customer Loans Around 45bp For 2026 Continues To Target Y/Y Revenue Growth From 2026 To 2028 Continues To Manage CET1 Capital Ratio Within Medium-Term Target Range Of 14% To 14.5% Maintains 2026 Dividend Payout Ratio Target Basis Of 50% Approves Second Interim Dividend Of $0.10/Share Announces Share Buyback Of Up To $1B Remains On Track To Deliver Y/Y Growth In Operating Expenses Says Pay Would Raise 2026 Target Basis Cost Growth Modestly Remains Confident In Achieving Targets Set Out In February
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Revenue: $37.74B Pretax Profit: $10.1B (est $9.51B) Net Interest Income: $18.23B Net Interest Margin: 1.61% Expected Credit Loss Charge: $2.35B CET1 Ratio: 14.1% (est 14.2%) Sees Banking NII Of At Least $46B In 2026 Sees Return On Average Tangible Equity Of 17% Or Better For 2026, 2027 And 2028, Excluding Notable Items Expects ECL Charge As Percentage Of Average Gross Customer Loans Around 45bp For 2026 Continues To Target Y/Y Revenue Growth From 2026 To 2028 Continues To Manage CET1 Capital Ratio Within Medium-Term Target Range Of 14% To 14.5% Maintains 2026 Dividend Payout Ratio Target Basis Of 50% Approves Second Interim Dividend Of $0.10/Share Announces Share Buyback Of Up To $1B Remains On Track To Deliver Y/Y Growth In Operating Expenses Says Pay Would Raise 2026 Target Basis Cost Growth Modestly Remains Confident In Achieving Targets Set Out In February