The earnings call reflected a generally positive outlook with strong profit growth, increased revenue, and effective cost management. However, there were challenges such as issues in the Hong Kong real estate market and losses from the redemption of legacy securities.

Company Guidance

In the recent call discussing HSBC Holdings plc's third quarter results for 2024, several key financial metrics were highlighted. The bank reported a profit before tax of $8.5 billion, which marked an 11% increase from the same period last year on a constant currency basis. The annualized return on tangible equity for the first nine months was 19.3%, or 16.7% excluding notable items. Revenue reached $17 billion, up $1.1 billion from the previous year's third quarter. HSBC announced a $4.8 billion distribution, which includes a $0.10 per share dividend and a $3 billion share buyback. The CET1 ratio was at 15.2%, showing a 20 basis point improvement over the second quarter. The bank's guidance on banking NII remains around $43 billion for 2024, with expectations of ECL charges within a 30 to 40 basis point range for the full year. Additionally, HSBC is targeting mid-single-digit loan growth over the medium term. The call also discussed strategic organizational changes, expected to result in net cost savings, with further details to be disclosed during the full-year results in February.

Strong Profit Growth

Profit before tax of $8.5 billion was up $0.9 billion or 11% on the third quarter of last year on a constant currency basis.

Increased Revenue

Revenue of $17 billion was up $1.1 billion on last year's third quarter and up $0.3 billion on the second quarter this year.

Wealth Segment Growth

Wealth was up 32% on the third quarter last year, marking the third consecutive quarter of double-digit growth in wealth.

Cost Management

Costs were up 6% in the first nine months of the year, which was 1% lower than for the first half, showing effective cost discipline.

CET1 Ratio Increase

CET1 ratio was 15.2%, up 20 basis points in the second quarter, driven by strong organic capital generation.

Strategic Reorganization

Announced a reorganization to simplify and streamline the group, expected to result in net cost savings.

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HSBC Holdings (GB:HSBA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:HSBA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2018	2018 (Q2)	- / 0.17	0.154	10.53% (+0.02)	―	―
Oct 29, 2018	2018 (Q3)	- / 0.15	0.122	26.67% (+0.03)	―	―
Feb 19, 2019	2018 (Q4)	- / 0.06	0.089	-36.36% (-0.03)	―	―
May 03, 2019	2019 (Q1)	- / 0.17	0.122	40.00% (+0.05)	―	―
Aug 05, 2019	2019 (Q2)	- / 0.18	0.171	4.76% (<+0.01)	―	―
Oct 28, 2019	2019 (Q3)	- / 0.12	0.154	-21.05% (-0.03)	―	―
Feb 18, 2020	2019 (Q4)	- / <0.01	0.057	-98.57% (-0.06)	―	―
Apr 28, 2020	2020 (Q1)	- / 0.07	0.171	-57.14% (-0.10)	―	―
Aug 03, 2020	2020 (Q2)	- / 0.05	0.179	-73.64% (-0.13)	―	―
Oct 27, 2020	2020 (Q3)	- / 0.06	0.122	-53.33% (-0.06)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:HSBA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	684.75p	706.12p	+3.12%
Jul 31, 2024	661.90p	688.39p	+4.00%
Apr 30, 2024	631.10p	657.08p	+4.12%
Feb 21, 2024	583.47p	534.53p	-8.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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