HSBC Holdings PLCHSBA
▲ PositiveCapitalrelevance
RBC raised price target and earnings forecasts after strong Q2 results.
Impact on stocks 1
Financials
HSBC Holdings PLCRBC Capital Markets raised its share price target for HSBC Holdings to 1,375p from 1,275p after increasing earnings forecasts following stronger-than-expected second-quarter results. The broker kept its Sector Perform rating, noting the revised target remains below HSBC's 1,525.8p share price at the time of the note. RBC lifted its 2027 adjusted pre-tax profit forecast by 5%, driven by higher banking net interest income and fees, partly offset by increased expenses, with Corporate and Institutional Banking providing the largest contribution. HSBC reported adjusted pre-tax profit of US$10.34 billion, 5% ahead of consensus, and adjusted revenue of US$19.04 billion, 2% above expectations. RBC now forecasts banking net interest income of US$47.4 billion in 2026, US$50.2 billion in 2027 and US$51.4 billion in 2028, and expects HSBC to return US$77.2 billion to shareholders between 2026 and 2028 through US$50.2 billion of dividends and US$27 billion of buybacks.
HSBC Holdings PLCRBC raised price target and earnings forecasts after strong Q2 results.