HSBC Holdings Plc reported weak profit in the third quarter due to a 24% increase in operating expenses, despite higher revenues. Profit before tax fell 14% to $7.30 billion, while profit attributable to shareholders declined to $4.87 billion. Adjusted profit before tax increased to $9.10 billion, with revenue growing 5% to $17.79 billion. The company raised its forecast for fiscal 2025 banking Net interest income to $43 billion. HSBC expects to maintain a mid-teens Return on Tangible Equity (RoTE) for 2025 and beyond, with double-digit income growth in Wealth. Shares in Hong Kong rose by 1.1% to HK$103.100.

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