HSBC profit falls but shares gain on outlook for stronger returns and stable dividends

HSBC profit falls but shares gain on outlook for stronger returns and stable dividends

HSBC Holdings, the largest banking group in Europe and Hong Kong by assets, on Wednesday reported a 7 per cent decline in annual profit, but outlined stronger return goals and a sustainable dividend policy as it looked ahead to 2026 and beyond, with shares rising after the results in a show of investor confidence. Pre-tax profit in 2025 dropped to US$29.9 billion from US$32.3 billion a year earlier, or US$1.21 per share, the lender said in a filing to the Hong Kong stock exchange. The result was...

📰 Original Source

Read full article at Scmp →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.