HSBC profit jumps 23% as Asia wealth fuels earnings

The half-year results followed several major transactions by HSBC as it sought to dispose of some of its businesses in Asia. © ReutersLORRETTA CHENAugust 4, 2026 15:12 JSTHONG KONG -- HSBC on Tuesday reported a 23% jump in pre-tax profit for the first half of 2026, mainly boosted by higher fee-related income at its wealth management business, as the European lender announced plans to buy back as much as $1 billion in shares.The segment's lending and fee income pushed profit up by $3.7 billion to $19.5 billion, despite higher credit losses and impairment charges from its U.K. business and Hong Kong commercial real estate portfolio.