# HSBC profits climb 32% as bank pledges $2.7bn shareholder payout

- URL: https://talkfuse.com/story/hsbc-to-hand-billions-to-shareholders-as-profits-surge-32-business-live/
- Published: 2026-10-27T07:10:08+00:00
- Updated: 2026-10-27T07:32:18+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/oct/27/hsbc-shareholders-profits-surge-32-percent-bank-tax-budget-stock-markets-cost-cutting-latest-news-updates
- Topics: Americas, Business, Companies, Cricket, Sport, World

## Key points

- HSBC profits rose 32% to $9.6bn.
- The bank will return $2.7bn to shareholders.
- Results come as the UK considers a bank tax rise.

## Summary

HSBC reported a 32% rise in quarterly profits and said it would return $2.7bn (£2bn) to shareholders. The results add to evidence that major UK banks remain highly profitable as the Treasury considers a bank tax rise in tomorrow’s budget.

The London-headquartered bank made $9.6bn in the July to September quarter, slightly below market estimates. Higher interest rates, lower loan losses and smaller legal provisions helped lift profits; net interest income rose to $9.3bn from $8.8bn a year earlier. The shareholder payout includes a $1bn share buyback and a $0.10-per-share interim dividend, worth $1.71bn. HSBC follows Barclays, which reported a 12% rise in profits the previous week.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.