---
title: "Key facts: HSBC posts $29.9B pre-tax profit; CFO: AI to cut costs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279867367.md"
description: "HSBC reported a FY revenue of $68.3 billion and a pre-tax profit of $29.9 billion, after accounting for a $4.9 billion notable-item hit. The bank reaffirmed its 17% return on tangible equity (RoTE) target and anticipates net interest income (NII) to be at least $45 billion next year. CFO Pam Kaur announced at a Morgan Stanley conference that HSBC plans to leverage AI to enhance productivity, reduce costs, and reallocate resources from routine tasks to strategic initiatives."
datetime: "2026-03-20T01:05:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279867367.md)
  - [en](https://longbridge.com/en/news/279867367.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279867367.md)
---

# Key facts: HSBC posts $29.9B pre-tax profit; CFO: AI to cut costs

-   HSBC (HSBA) posted FY revenue $68.3B, profit before tax $29.9B after $4.9B notable-item hit. Bank reiterates 17% RoTE target and expects NII ≥ $45B next year.1
-   HSBC CFO Pam Kaur told a Morgan Stanley conference HSBC will use AI to boost productivity, cut costs and shift resources from routine tasks to strategic change initiatives.2

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