Ge Long Hui·2026-02-25 06:44Core Viewpoint - HSBC Holdings (0005.HK) has been included in the "Top Ten Core Assets" list for 2026 by Gelonghui, leading to a stock price increase of up to 4%, reaching HKD 140.8. The bank reported a pre-tax profit of USD 29.907 billion for the previous year, a decrease of 7.4% year-on-year, while announcing a fourth dividend of USD 0.45 per share, exceeding market expectations. In the fourth quarter alone, pre-tax profit surged 199% year-on-year to USD 6.802 billion, also surpassing expectations [1]. Financial Performance - HSBC's pre-tax profit for the last year was USD 29.907 billion, reflecting a year-on-year decline of 7.4% [1]. - The fourth quarter pre-tax profit reached USD 6.802 billion, marking a year-on-year increase of 199% [1]. Dividend and Shareholder Returns - The bank declared a fourth dividend of USD 0.45 per share, which is higher than market expectations [1]. - The target payout ratio for dividends is maintained at 50% [1]. Future Goals - HSBC's CEO, Georges Elhedery, indicated that 2025 will be a year of decisive action, which is reflected in the bank's strong performance [1]. - The bank has raised its targets for 2026 to 2028, aiming for an average tangible equity return of 17% or higher during this period [1]. - HSBC aims for a year-on-year revenue growth target from 2026 to 2028, with a goal of achieving a 5% increase in revenue from 2027 to 2028 [1].