filecrux
Oct 27, 5:17 PM
$HSBC Can HSBC keep
$1BN buybacks going with its CET1 ratio at 13.9%, below its 14% to 14.5% target range?
🏢 HSBC, the UK-headquartered, Asia-focused bank, reported Q3 2026 pretax profit up 32% to
$9.6bn, mostly from not repeating
$1.4bn of Q3 2025 legal provisions, but its CET1 capital ratio fell 0.2 points from June to 13.9%, below the 14% to 14.5% range it aims to run at
📉 The
$9.6bn also missed the
$9.7bn company-compiled estimate reported by Bloomberg
📈 On the other side, HSBC says its latest modelling points to final Basel 3.1 rules lifting CET1 by about 40-50bps on 1 January 2027, though the final impact depends on model refinements and supervisory permissions, and Q3 return on tangible equity excluding notable items was 18.2%, above its 17%-or-better target
📅 Next: ADSs go ex-dividend on 6 November 2026 and the
$0.50 per ADS dividend is paid on 17 December 2026
Source: SEC 6-K, Oct 27 + Bloomberg
0 replies