HSBC Reports $19.5 Billion Profit and Announces Share Buyback

HSBC Holdings plc reported a 23% increase in profit for the first half of 2026, totaling $19.5 billion for the six months ended June 30. The growth was primarily driven by higher net interest income and wealth management fees.

These gains offset credit impairment charges totaling $2.4 billion. These expenses included a $400 million fraud-related securitisation exposure in the United Kingdom, along with provisions for Middle East conflicts and commercial real estate in Hong Kong.

Following the performance, the bank announced a $1 billion share buyback to be completed before the release of third-quarter results. It also declared a second interim dividend of $0.10 per share. The bank reaffirmed its medium-term profitability targets, specifically aiming for a return on average tangible equity of at least 17% for the period from 2026 through 2028.