EarningsHSBC printed strong 3Q25 results, with PBT ex notable items 9% above consensus, driven by income that was 5% ahead, split evenly across NII and non-NII.
GuidanceManagement raised Banking NII and ROTE guidance for 2025.
Strategic InitiativesHSBC has proposed to privatise Hang Seng Bank, aligning with its strategy to deepen its Hong Kong presence, with expected long-term revenue and cost synergies.