Strong Revenue Growth
Total revenues increased by $500 million to $17.9 billion, driven by a 29% growth in fee and other income from the Wealth segment.
Positive RoTE Performance
Annualized RoTE was 16.4% in the third quarter and 17.6% year-to-date, excluding notable items.
Customer Deposit Growth
Customer deposit balances grew by $86 billion, reaching $1.7 trillion, including held-for-sale balances.
Upgraded Financial Targets
HSBC upgraded its 2025 banking NII to $43 billion or better and its 2025 RoTE, excluding notable items, to be mid-teens or better.
Strategic Investments and Exits
Announced intention to privatize Hang Seng Bank, and strategic exits from HSBC Malta and Retail Banking in Sri Lanka.
Wealth Management Expansion
Net new invested assets were $29 billion, with more than half coming from Asia, demonstrating a successful strategy in Wealth management.