HSBC Holdings plc reported mixed results for Q3 2026, falling short of revenue and earnings per share expectations, with wealth management notably underperforming. Despite this, the bank showed resilience in net interest income and loan growth, supported by a conservative loans-to-deposits ratio and reinvestment of structural hedges at higher yields. Operating efficiency improved, reflected in a cost-to-income ratio of 46.7%, and credit quality remained strong. The bank's CET1 capital ratio stands at 13.9%, with modest capital returns anticipated. Given fair valuation and limited growth prospects, the analyst maintains a Hold rating on HSBC, citing insufficient income appeal to justify a Buy.
HSBC shares are trading at USD 85.29 on Pluang, down 0.84% in the last day. The stock's market cap stands at $294.67 billion, with a dividend yield of 4.36%. These figures are current as of Oct 28, 2026, 17:31 WIB.
