Franklin FTSE Europe
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Weekly Recap | HSBC HOLDINGS +1.08%, consensus target above spot
Weekly Review·- HSBC Holdings rose 1.08% over four trading days to close at 149.7 HKD, outperforming the Hang Seng Index by 1.43 percentage points. - The bank announced it will release its 2026 third-quarter results on October 27, while expanding its retail wealth management services and AI talent team in Hong Kong. - Eleven institutions maintain a consensus buy rating with an average target price of 177.87 HKD, offering about 18.82% upside from the current price.Weekly Recap | HSBC HOLDINGS -3.14%, UK wealth job cuts weigh
Weekly Review·- HSBC Holdings declined by 3.14 % to close at 145.2 HKD this week, underperforming the Hang Seng Index by 3.85 percentage points amid high trading volume. - Key events involved restructuring in the UK wealth management division, regulatory inquiries from the Hong Kong Monetary Authority regarding an AI center in Singapore, and ongoing concerns over UK bank taxes. - Eleven covered institutions maintained a consensus "buy" rating with a target price of 177.9 HKD, while the upcoming third-quarter earnings report on October 27, 2026, remains the primary market focus.