Earnings PerformanceHSBC 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.
Strategic GuidanceManagement raised Banking NII and ROTE guidance for 2025.
Wealth ManagementWithin non-NII, Wealth was the main driver of the beat, and was up 29% year on year.