HSBC Holdings plc - ADR
HSBC - Insider Information
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+ FollowMarket Cap$306.5B
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Earnings Call Q3 2026
October 27, 2026 - AI Summary
Strong Q3 performance; guidance unchanged (good)
- Revenue: +$18.7bn (+5% YoY, constant currency) with broad-based growth across all major businesses.
- Profit before tax (ex notable items): +$10.0bn (+10% YoY); notable items reduced profit by ~$0.4bn this quarter (outlined on Slide 28).
- EPS (ex notable items): +17% YoY, supported partly by lower minority interest after the Hang Seng Bank privatization.
- Overall outlook: Management is confident in meeting full-year targets and is on track / unchanged guidance.
Capital & shareholder returns (key: buyback + Basel 3.1)
- CET1: 13.9% (down 20 bps QoQ); generated ~90 bps CET1 in the quarter.
- Basel 3.1 impact: estimated +40–50 bps CET1 benefit effective 1 Jan 2027 (management notes this is an estimate and could change with model/portfolio and regulatory permissions; also mentions Pillar 2A / firm-specific requirements are helpful but smaller).
- Buybacks: announced up to $1bn share buyback today; intends further buyback supported by capital generation plus Basel 3.1 benefit.
- Dividend policy: continues to accrue/plan ~50% of earnings per share (excluding material notable items and related impacts).
NII and deposits: Hong Kong mix pressure but still positive (mixed/surprising)
- Banking NII: $11.7bn (+$0.6bn YoY); supports guidance and includes small one-offs (+$0.1bn one-offs, plus structural hedge/day count, and rate hike benefits).
- Hong Kong deposits: time deposit margin pressure is the main emerging issue; time deposit share peaked around ~40% earlier, but this quarter was ~38%.
- Deposit behavior commentary: shift toward time deposits accelerated more toward the end of the quarter as rates rose (investors asked about NII momentum vs timing).
- Net message: despite mix pressure, management says incremental deposit growth remains NII-positive and they are not uncomfortable with the TD mix trajectory.
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Share Statistics
| Market cap | $306.50 Billion |
|---|---|
| Enterprise Value | $215.16 Billion |
| Annual dividend | $3.75 |
| Dividend yield | 4.36% |
| Earnings per Share | $6.05 |
| Beta | 0.57 |
| Outstanding Shares | 3,429,000,000 |
Return
| Return on Equity | 14.02% |
|---|---|
| Return on Assets | 0.80% |
| Return on Invested Capital | 2.34% |
Valuation & Multiples
| P/E Ratio | 11.04 |
|---|---|
| PEG | 26.88 |
| Price to Sales | 2.35 |
| Price to Book Ratio | 1.57 |
| Enterprise Value to Revenue | 1.65 |
| Enterprise Value to EBIT | 6.39 |
| Enterprise Value to Net Income | 7 |
| Total Debt to Enterprise | 0.63 |
| Debt to Equity | 0.69 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 27, 2026
EPS Estimate
$2.13
Consensus analyst estimateRevenue Estimate
$18.98 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 24, 2027
EPS Estimate
$1.62
Consensus analyst estimateRevenue Estimate
$18.19 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 98.39% |
|---|---|
| Total Calls | 1,950▼ 99.92% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.11%▼ 2.37% |
|---|---|
| Total Invested | $374.71M▼ 95.36% |
| Investors Holding | 275▼ 475.00% |
About HSBC Holdings Plc
209,000 employees
CEO: Noel Paul Quinn
HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banki...