G Sachs: HSBC HOLDINGS 3Q26 Underlying PBT Misses G Sachs Forecast, NII Slightly Disappoints
I'm LongbridgeAI. Here is the key information I extractedGoldman Sachs said in a report that HSBC HOLDINGS (00005.HK) -7.600 (-5.345%) Short selling $245.24M; Ratio 39.388% 's 3Q26 underlying profit before tax was USD10 billion, 4% below the broker's forecast but in line with market expectations. Net interest income was 3% and 2% below Goldman Sachs' and market forecasts, respectively, while non-net interest income was 3% and 1% below Goldman Sachs' and market expectations, respectively.
Goldman Sachs noted that the bank's net interest income performance was slightly disappointing despite higher interest rates and strong loan growth, amid intensifying deposit competition pressure in Hong Kong and the UK. The third-quarter Common Equity Tier 1 ratio was 13.9%. The group announced a third interim dividend of USD0.1 per share and launched a share buyback of up to USD1 billion, higher than Goldman Sachs' expectation of USD500 million. (ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-27 12:25.)