HSBC Holdings reported full-year profits ahead of expectations, with strong performance in its wealth management department.

HSBC Holdings announced better-than-expected profits for 2025, with the market value of Europe's largest bank surpassing 200 billion pounds for the first time last year. The London-based bank, which focuses on the Asian market, revealed on Wednesday that its full-year pre-tax profit was $29.9 billion, exceeding the analysts' expectations of $28.9 billion. Strong performance in the wealth management division boosted the profits. "2025 was a year of decisive action and rapid execution, reflected in our strong performance," said Group Chief Executive Akio Okai in a statement on Wednesday. "All four of our business segments performed well, and the bank is on a strong growth trajectory." The bank also stated that it is raising its targets, aiming to achieve a tangible return on equity of 17% or higher between 2026 and 2028.