---
title: "\"Big Banks\" JP Morgan: HSBC's management has articulated a clearer trajectory for revenue growth from 2026 to 2028"
description: "JP Morgan's report pointed out that HSBC HOLDINGS' performance in the fourth quarter of 2025 exceeded expectations, driving the stock price up by 6%. The management clearly outlined the revenue growth"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277150708.md"
published_at: "2026-02-27T06:06:04.000Z"
---

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

> JP Morgan's report pointed out that HSBC HOLDINGS' performance in the fourth quarter of 2025 exceeded expectations, driving the stock price up by 6%. The management clearly outlined the revenue growth trajectory for 2026-2028 and the drivers of net interest income growth, alleviating market concerns about insufficient technology investment. Morgan Stanley maintains an "Overweight" rating on HSBC and a target price of HKD 165, expecting the stock price to remain strong, with the next catalyst being the investor day in May

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

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- [00005.HK - HSBC HOLDINGS](https://longbridge.com/en/quote/00005.HK.md)

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