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<Foresight>Brokers Predict HSBC HOLDINGS 3Q Pre-Tax Profit to Drop 5%+; Focus on Operational Strategy & Shareholder Return Guidance (Update)
Recommend 24 Positive 36 Negative 27 |
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HSBC HOLDINGS (00005.HK) is set to announce its 3Q25 results next Tuesday (28th). While HSBC HOLDINGS has been benefiting from the rise in HIBOR since August to have some of its NIM pressure alleviated, the market still expected its results to be affected by "items to be noted" (non-recurring items, estimated by the market to include dilution and impairment losses related to its associate company, BANKCOMM (03328.HK), as HSBC HOLDINGS' stake in it fell from 19.03% to 16% after the completion of its A-share issuance in June). According to the forecasts from five brokers as summarized by our reporters, HSBC HOLDINGS' 3Q25 pre-tax profit is projected to range from USD6.264 billion to USD8.1 billion on a reported basis, down 4.4-26.1% YoY from USD8.476 billion in the same period last year. The median of USD8.016 billion also represents a nearly 5.4% YoY decline. Investors will focus on HSBC HOLDINGS' net interest income and non-interest income growth performance, future dividends, CET1 ratio guidance, as well as the latest operational guidance related to its plan to privatize HANG SENG BANK (00011.HK) and the synergy effects it brings. Broker│3Q25 Pre-Tax Profit Forecast on Reported Basis│YoY Change Jefferies│USD8.1 billion│-4.4 Goldman Sachs│USD8.091 billion│-4.5% Citi│USD8.016 billion│-5.4 JPMorgan│USD7.127 billion│-15.9 Morgan Stanley│USD6.264 billion│-26.1% Calculated based on HSBC HOLDINGS' pre-tax profit of USD8.476 billion on a reported basis for the same period last year. AAStocks Financial News |
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