Core Viewpoint - HSBC Holdings reported third-quarter revenues exceeding expectations, driven by its wealth management business, despite an $1.1 billion provision related to the Bernard Madoff fraud case impacting profits [1] Financial Performance - For the three months ending in September, HSBC's revenue increased by 5% year-on-year to $17.8 billion, surpassing the consensus estimate of $16.7 billion [1] - The bank's pre-tax profit for the quarter fell by 14% to $7.3 billion [1] Strategic Direction - The Group CEO stated that HSBC is becoming a more streamlined, agile, and focused bank, building on its core strengths [1] - The intention to execute its strategy is reflected in the quarterly performance, despite the legal provisions related to historical issues [1] Legal and Regulatory Matters - HSBC announced a provision of $1.1 billion to address lawsuits from investors affected by the Madoff fraud [1] - This earnings report follows HSBC's announcement of plans to privatize Hang Seng Bank [1]

Group 1 - The core viewpoint of the article highlights HSBC Holdings' Q3 2025 performance, showing a revenue of $17.788 billion, a 5% year-on-year increase, while net profit attributable to ordinary shareholders decreased by 20.56% to $4.873 billion [1] - For the first nine months of 2025, net operating income was $51.91 billion, down 4.38% year-on-year, with net profit attributable to ordinary shareholders at $16.383 billion, a decrease of 27.89% [1] - The growth in Q3 revenue was supported by increased customer activity, particularly in international wealth management and the wealth management business under the Hong Kong segment, while the corporate and institutional banking segment saw declines in global foreign exchange and debt and equity market activities due to reduced customer activity in a low-volatility environment [1] Group 2 - Operating expenses for Q3 2025 were $10.1 billion, an increase of $1.9 billion or 24% compared to Q3 2024, reflecting legal provisions related to past events, including $1.4 billion for claims associated with the Madoff Securities fraud case [2] - The increase in operating expenses also included $2 billion related to restructuring and other costs associated with simplifying the organizational structure, as well as increased technology spending and inflation impacts [2] - The target benchmark operating expenses were $8.4 billion, which increased by $300 million or 3% compared to Q3 2024 [2]

智通财经APP讯，汇丰控股(00005)公布，将于2025年12月18日派发2025年第三次股息每股0.1美元。 ...

HSBC Holdings reported third-quarter revenue that beat estimates, driven by its key wealth businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases weighed on earnings https://t.co/0JoVqh0mxR ...

Core Insights - HSBC Holdings reported a pre-tax profit of $7.3 billion for Q3 2025, a decrease of $1.2 billion compared to Q3 2024 [1] - The fixed exchange rate pre-tax profit, excluding notable items, was $9.1 billion, an increase of $300 million or 3% from Q3 2024 [1] - Total revenue increased by $800 million to $17.8 billion, reflecting a growth of 5% compared to Q3 2024 [1] Financial Performance - For the first three quarters of 2025, the pre-tax profit decreased by $6.9 billion to $23.1 billion compared to the same period in 2024 [1] - The fixed exchange rate pre-tax profit, excluding notable items, was $28 billion, showing a growth of 4% [1] - Total revenue for the first three quarters decreased by $2.4 billion to $51.9 billion, a decline of 4% [1] Strategic Direction - The Group's CEO emphasized the commitment to becoming a more streamlined, flexible, and focused bank, leveraging core strengths [2] - Despite legal preparations for past events, the determination to implement strategies is reflected in the current performance [2] - The Group is confident in achieving an average tangible equity return of approximately 15% or higher by 2025, excluding notable items [2]

Core Insights - HSBC reported a profit before tax of $7.3 billion for the third quarter, exceeding expectations despite a nearly 14% decline from the previous year due to increased operating expenses [2][5] - The bank's revenue reached $17.8 billion, surpassing the consensus estimate of $17.05 billion, driven by growth in net interest income and a strong performance in its wealth management segment [1][5] Financial Performance - Profit before tax: $7.3 billion compared to $5.98 billion in the same quarter last year [5] - Revenue: $17.8 billion versus $17.05 billion, indicating a positive revenue growth trajectory [5] Legal Provisions - HSBC recognized a provision of $1.1 billion in its third-quarter results due to a court ruling related to the Bernard Madoff investment fraud case, impacting its financials [3][4] - The provision will reduce the bank's Common Equity Tier 1 (CET1) capital ratio by approximately 15 basis points, a critical measure of financial strength [4] Future Actions - HSBC plans to appeal the court's decision regarding the Madoff case and will contest the final amount in subsequent proceedings if necessary [4]

Core Viewpoint - HSBC Holdings experienced a 14% decline in third-quarter pretax profit, primarily due to a $1.1 billion charge related to a lawsuit connected to Bernard Madoff's Ponzi scheme [1] Financial Performance - The third-quarter pretax profit fell by 14% compared to previous periods, indicating a significant impact from legal challenges [1] - The $1.1 billion charge reflects the financial repercussions of losing part of an appeal in a long-standing legal case [1]

免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | | 股票發行人現金股息（可選擇貨幣）公告 | | 發行人名稱 | HSBC Holdings plc 滙豐控股有限公司 | | 股份代號 | 00005 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 2025年第三次股息 | | 公告日期 | 2025年10月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 第三季度 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.1 USD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 ...

Financial Performance - The pre-tax profit on a reported basis for Q3 2025 was $7.3 billion, a decrease of $1.2 billion compared to Q3 2024, primarily due to increased operating expenses including a legal provision of $1.4 billion[5]. - Total revenue for Q3 2025 increased by $0.8 billion to $17.8 billion, a growth of 5% supported by increased customer activity in wealth management[5]. - Operating expenses for Q3 2025 were $10.1 billion, an increase of $1.9 billion or 24% compared to Q3 2024, driven by notable items including a legal provision of $1.4 billion[5]. - The company reported a net profit of $17,944 million for the nine months ended September 30, 2025, a decrease of 26.2% from $24,414 million in the same period of 2024[31]. - The company reported a pre-tax profit of $30,032 million for the nine months ended September 30, 2025, an increase from $28,000 million in the same period of 2024[173]. Net Interest Income - The net interest income for Q3 2025 was $8.8 billion, an increase of $1.1 billion or 15% compared to Q3 2024, reflecting growth in deposits and structural hedging benefits[5]. - Net interest income was $25.6 billion, an increase of $1.1 billion, despite a $1.5 billion adverse impact from the sale of Argentine and Canadian businesses[8]. - The bank's net interest income for the first nine months of 2025 was $32.362 billion, a decrease of $0.4 billion or 1% compared to the same period in 2024, primarily due to the sale of operations in Argentina and Canada, which accounted for a $1.6 billion reduction[61]. - The net interest margin remained stable at 1.57% for both the nine months ended September 30, 2025, and 2024[17]. Operating Expenses - Operating expenses rose by $2.7 billion to $27.1 billion, an increase of 11%, primarily due to significant items including legal provisions and restructuring costs[8]. - Operating expenses for Q3 2025 increased by 24% to $10,076 million from $8,143 million in Q3 2024[33]. - The company’s operating expenses included a $1,400 million legal provision, which significantly impacted the overall expense increase[43]. Expected Credit Losses - Expected credit losses for Q3 2025 were $1 billion, unchanged from Q3 2024, with provisions related to wholesale business risks[5]. - Expected credit losses increased by $900 million to $2.9 billion, with a significant portion attributed to increased provisions related to Hong Kong commercial real estate[8]. - Expected credit losses for the first nine months of 2025 were $2.95 billion, up from $1.99 billion in the same period of 2024, indicating a significant increase of about 48%[132]. Capital Ratios - The common equity tier 1 capital ratio was 14.5%, a decrease of 0.1 percentage points from Q2 2025, primarily due to a reduction in common equity tier 1 capital[5]. - The common equity tier 1 capital ratio mid-term target range is maintained at 14% to 14.5%, with anticipated capital impacts from the proposed privatization of Hang Seng Bank[8]. Dividends and Share Buybacks - The board approved a dividend of $0.10 per share for Q3 2025, and a $3 billion share buyback was completed on October 24, 2025[5]. - The dividend payout ratio target for 2025 is maintained at 50%, excluding significant items and related impacts[8]. Wealth Management - Wealth management assets under management reached $15 trillion as of September 30, 2025, representing a 13% increase year-over-year, with net new investment assets of $73 billion in the first nine months of 2025[16]. - Wealth management revenue increased by $1.44 billion or 25%, reflecting strong performance in the segment[46]. Strategic Transactions - HSBC announced a conditional proposal to privatize Hang Seng Bank, which is expected to result in a capital impact of approximately 125 basis points upon completion[12]. - The group plans to reallocate approximately $1.5 billion from non-strategic business activities to areas with significant competitive advantages and value-added returns[13]. - The company recognized a $1 billion impairment loss on its investment in the joint venture after conducting a value impairment test[134]. Market Conditions and Outlook - The Federal Reserve's target interest rate is currently set between 4% and 4.25%, with expectations for further rate cuts by the end of the year[182]. - The company anticipates moderate growth in its main markets in 2026, influenced by trade and tariff policies[181].

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