<div id="readability-page-1"><div><p>JPMorgan published a report stating that HSBC HOLDINGS (00005.HK)<span> </span><span> +3.000 (+2.206%)  </span> <span> Short selling $1.56B; Ratio 35.751%  </span>  delivered mixed results for the first quarter, with its share price falling 3.8% on the afternoon of May 5 (yesterday), while the HSI rose 0.6% over the same period. The bank believes the share price has overcorrected, partly due to overly high market expectations following Standard Chartereds results and concerns over exposure to the private credit market triggered by a USD400 million expected credit loss provision related to an unexpected fraud incident.</p><p>According to JPMorgan, key takeaways from HSBCs earnings conference call were broadly positive. It sees a low risk of a significant surge in credit costs stemming from the Middle East situation and the fraud incident. HSBC management indicated potential upside to its net interest income guidance of USD46 billion, compared with market expectations of USD45.8 billion, and reiterated its cost and return on tangible equity guidance despite risks related to the Middle East and private credit.</p><p>JPMorgan reiterated its Overweight rating on HSBC HOLDINGS, with a TP of HKD180. The broker believes HSBC will continue to benefit from a high interest rate environment and strong net new money inflows, and views the current share price weakness as an accumulation opportunity. (ha/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 16:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>JPMorgan has reiterated its Overweight rating on HSBC HOLDINGSafter the bank's mixed Q1 results led to a 3.8% drop in share price. Despite concerns over a USD400 million credit loss provision due to a fraud incident, JPMorgan believes the share price has overcorrected. The bank sees potential upside in net interest income guidance and maintains its cost and return on tangible equity outlook. With a target price of HKD180, JPMorgan views the current share price weakness as a buying opportunity.</p>

- JPMorgan's report highlights mixed results for HSBC in Q1, with the share price dropping 3.8% while the HSI rose 0.6%.  
- The bank believes market concerns over a USD 400 million credit loss from a fraud incident have led to an overcorrection in the share price.  
- Despite risks, JPMorgan maintains an Overweight rating on HSBC, anticipating continued benefits from high interest rates and strong inflows, setting a price target of HKD 180.

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

HSBC 5xShortSG241213

JPM: HSBC HOLDINGS  Shares Overcorrect Post Results, Reiterate Overweight