Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “HSBC’s results this morning told a familiar, reassuring story for Asian bank investors: the engine is still humming and management confidence is quietly building.
“This morning’s nine per cent profit beat was driven by core banking momentum rather than one-offs, while guidance struck a notably more upbeat tone, pointing to stronger earnings power and returns as we move into 2026.
“Like Standard Chartered yesterday, there looks to be a clearer runway ahead, with revenue growth expectations nudging higher and costs staying disciplined.
“With capital being rebuilt after buying the remaining stake in Hang Seng, buybacks are on pause for the time being – but consensus numbers for 2026 now look ripe for another leg up.”
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