![\"HSBC\"](\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/02\/HSBC-HSBC.png\")
HSBC posted a 23% surge in saw pre-tax profits for the first half to $19.5 billion (2025: $15.8bn), driven by higher net interest income and increased fee income, particularly from its wealth management and banking services.<\/p>\n
The increase was partly offset by higher expected credit losses and operating expenses, but was ahead of the $18.9bn that analysts forecast.<\/p>\n
HSBC plans a new buyback of up to $1bnbillion dollars.<\/p>\n
Group chief executive Georges Elhedery said: \u201cHSBC is becoming the stronger bank we set out to build. We are executing our strategic priorities with pace, precision and discipline.<\/p>\n
\u201cThis is allowing our four businesses to focus on their core strengths, grow, work together more effectively and deepen customer relationships. The result is a bank capable of achieving more.\u201d<\/p>\n
HSBC lifted its guidance for net interest income for this year, saying it now expects to exceed $46bn, having previously said it would hit that level..<\/p>\n
The board declared a second interim dividend of $0.1 per share, following a $0.1 payout in May.<\/p>\n
HSBC\u2019s figures cap a strong earnings season for Europe\u2019s big banks, which have extended a more than two-year-long recovery thanks to a surge in trading activity and resilient interest income despite dips in central bank rates.<\/p>\n
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