HSBC profit jumps 23% as Asia wealth fuels earnings
Net new inflows reached $64bn with most assets sourced from the region
Source excerpt
The half-year results followed several major transactions by HSBC as it sought to dispose of some of its businesses in Asia. © Reuters
HONG KONG -- HSBC on Tuesday reported a 23% jump in pre-tax profit for the first half of 2026, mainly boosted by higher fee-related income at its wealth management business, as the European lender announced plans to buy back as much as $1 billion in shares.
The segment's lending and fee income pushed profit up by $3.7 billion to $19.5 billion, despite higher credit losses and impairment charges from its U.K. business and Hong Kong commercial real estate portfolio.
Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.