Earnings PerformanceHSBC reported strong Q325 results with PBT excluding notable items 9% above consensus, driven by income that was 5% ahead.
Strategic ExpansionHSBC 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.
Wealth Management GrowthWithin non-NII, Wealth was the main driver of the beat, and was up 29% year on year.