"Big Banks" JP Morgan: HSBC's management has articulated a clearer trajectory for revenue growth from 2026 to 2028

AASTOCKS
2026.02.27 06:06

JP Morgan released a report indicating that HSBC Holdings (00005.HK) exceeded expectations for its Q4 2025 performance and mid-term tangible return on equity (ROTE) guidance, driving the stock price up 6% in the afternoon session on February 25, outperforming the Hang Seng Index by 6 percentage points. Overall, the earnings briefing conveyed positive messages, with management providing clearer explanations of the revenue growth trajectory for 2026-2028, the drivers of net interest income growth, and the roadmap for achieving synergies in HSBC's business.

In addition, the management's explanation of costs helps alleviate market concerns about insufficient investment in key areas such as technology and artificial intelligence. JP Morgan expects HSBC's stock price to remain strong, with the next catalyst being the investor day in May. JP Morgan maintains an "Overweight" rating on HSBC with a target price of HKD 165

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer