---
title: "Europe’s biggest bank beats forecasts despite $5 billion charges"
description: "HSBC Holdings (HSBA.L) reported a pretax profit of $29.9 billion for the last year, a 7% decline due to $4.9 billion in one-off charges, yet exceeding forecasts by $1 billion. The bank has raised its "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277276670.md"
published_at: "2026-02-28T06:17:16.000Z"
---

# Europe’s biggest bank beats forecasts despite $5 billion charges

> HSBC Holdings (HSBA.L) reported a pretax profit of $29.9 billion for the last year, a 7% decline due to $4.9 billion in one-off charges, yet exceeding forecasts by $1 billion. The bank has raised its key earnings target, indicating that its major overhaul is largely complete and it is poised for further growth.

HSBC Holdings (HSBA.L) lifted a key earnings target after its annual profit beat expectations, a decision which reflects that most of the bank’s planned overhaul has now been completed and further growth is in its sights.Buffeted by $4.9 billion in one-off charges, Europe’s largest lender’s pretax profit slipped 7 per cent to $29.9 billion last year. That was, however, about $1 billion ahead of a consensus forecast and comes after an unusually...

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.