智通财经网·2025-10-28 08:10Core Viewpoint - Goldman Sachs reported that HSBC Holdings (00005) announced its third-quarter performance, with a pre-tax profit of $9.1 billion, exceeding both Goldman Sachs' original forecast and market consensus by 7% and 9% respectively, primarily driven by better-than-expected revenue performance [1] Group 1: Financial Performance - HSBC's pre-tax profit, adjusted for certain items, reached $9.1 billion, benefiting from stronger-than-expected net interest income from both banking and non-banking sectors [1] - The Common Equity Tier 1 (CET 1) capital ratio stood at 14.5%, aligning with market expectations [1] Group 2: Future Guidance - HSBC raised its return on tangible equity (ROTE) forecast for the fiscal year 2025 to a "mid-teens" range (14%-16%) or higher, compared to the market consensus of 16% [1] - The bank also increased its net interest income guidance for banking operations in fiscal year 2025 to $43 billion or more, up from the previous estimate of $42 billion, with market consensus at $42.5 billion [1] Group 3: Cost Management - HSBC maintained its cost growth target for fiscal year 2025 at approximately 3%, with total operating expenses expected to reach $33.5 billion, slightly above market consensus of $33.3 billion [2] - The bank plans to achieve cost savings of $1.5 billion by the end of 2026, with expected credit costs for fiscal year 2025 around 40 basis points, slightly lower than market consensus [2]