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FrontRow · Aug 4, 2026

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HSBC reported second-quarter pre-tax profit of $10.1 billion on Tuesday, exceeding analysts' estimates on the back of stronger growth in banking net interest income and other higher fees. Revenue at Europe's largest lender gained 16% year-on-year, helped by a one-off gain of $1.3 billion from notable items. Second-quarter profit before tax rose 60% year-on-year, also helped by a net favorable impact from notable items of $2.6 billion, the company said. Notable items included costs associated with a $200 million restructuring, HSBC said in a statement. HSBC’s net interest income rose 9% in the second quarter, year on year, to $9.29 billion. Operating expenses fell 2%, owing to lower restructuring costs. HSBC maintained its targeted return on tangible equity — a measure of profitability — of 17%. Annualized RoTE in the reported quarter, excluding items, was 19.1%.

HSBC reported second-quarter pre-tax profit of $10.1 billion on Tuesday, exceeding analysts' estimates on the back of stronger growth in banking net interest income and other higher fees. Revenue at Europe's largest lender gained 16% year-on-year, helped by a one-off gain of $1.3 billion from notable items. Second-quarter profit before tax rose 60% year-on-year, also helped by a net favorable impact from notable items of $2.6 billion, the company said. Notable items included costs associated with a $200 million restructuring, HSBC said in a statement. HSBC’s net interest income rose 9% in the second quarter, year on year, to $9.29 billion. Operating expenses fell 2%, owing to lower restructuring costs. HSBC maintained its targeted return on tangible equity — a measure of profitability — of 17%. Annualized RoTE in the reported quarter, excluding items, was 19.1%.

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