HSBC Holdings PLC

HSBA: XLON (GBR)

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HSBC Earnings: Bocom Loss Masks Solid Underlying Results

Michael Makdad

Jul 31, 2025

HSBC’s annualized return on tangible equity was 11.4% in the second quarter, or 17.7% excluding a $2.1 billion noncash loss on Bank of Communications—$1.1 billion from dilution due to government capital injections and $1.0 billion in impairments—plus other notable items.

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HSBC Holdings PLC

HSBC Earnings: Bocom Loss Masks Solid Underlying Results

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