HSBC stock reports 23 percent first-half profit growth

Published on 09/25/2026 at 12:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi kept a Hold rating and a GBP 16.40 target for HSBC on September 24, 2026. First-half revenue rose 11 percent to USD 37.7 billion.

Flatlay mit Aktienzertifikat, ISIN-Karte und internationalen Banknoten auf Holztisch — HSBC Holdings plc (ISIN GB0005405286) verwaltet globale Finanzströme, symbolisiert durch internationale Banknoten und Zertifikate, Illustration mit AI erstellt.

HSBC Holdings (ISIN GB0005405286) stock was trading at GBp 1,499.80 on the London Stock Exchange at 12:32 a.m. GMT on September 25, 2026, down GBp 14.80, or 0.98 percent, from the prior close. The bank's first-half profit before tax rose 23 percent to USD 19.5 billion, giving the stock a fresh earnings anchor.

Profit before tax rises 23 percent

According to MetaTrader in its summary of HSBC's 1H26 report announced August 4, 2026, revenue increased 11 percent to USD 37.7 billion for the six months ended June 30, 2026. Profit after tax reached USD 15.3 billion, up 23 percent from USD 12.4 billion in the prior-year period.

The profitability signal was also visible in return on tangible equity. ROTE rose to 18.2 percent from 14.7 percent, an increase of 3.5 percentage points, while operating expenses increased 2 percent to USD 17.4 billion.

Citi keeps a GBP 16.40 target

On September 24, 2026, Citi maintained a Hold rating on HSBC and a GBP 16.40 price target, according to The Globe and Mail. At the London quote of GBP 14.998 per share, the target lies 9.35 percent above the reference price.

The capital position adds a counterweight to the cautious rating. Interactive Investor reported a CET1 ratio of 14.1 percent for the first half, down from 14.9 percent, while HSBC declared a second interim dividend of USD 0.10 per share and announced a buyback of up to USD 1 billion.

Next results arrive October 27

HSBC's investor calendar lists the next reporting event as the 3Q 2026 earnings release on October 27, 2026, according to HSBC. Management's medium-term framework targets average ROTE of at least 17 percent for 2026 through 2028 and a 50 percent dividend payout ratio.

HSBC stock trades below the target

HSBC stock was trading at GBp 1,499.80 on the London Stock Exchange at 12:32 a.m. GMT on September 25, 2026. The reference price equals GBP 14.998, leaving the Citi target of GBP 16.40 9.35 percent higher.