JPMorgan, Goldman Sachs Raise HSBC Price Targets; Raise Reach HK$200, HK$181

JPMorgan Chase raised its HSBC Holdings (00005) price target by nearly 10 percent to HK$200 from HK$182, maintaining a "buy" rating. The firm also lifted its earnings-per-share forecasts for HSBC for 2026-2028 by around 2 percent, driven by stronger net interest income in banking operations. JPMorgan expects management may raise 2026 net interest income guidance to approximately $47 billion from $46 billion.

Goldman Sachs raised HSBC's 12-month price target nearly 10 percent to HK$181 from HK$165, keeping its "buy" rating. Goldman expects HSBC's second-quarter pre-tax profit of $10.2 billion, up 25 percent year-over-year and 2 percent quarter-over-quarter. The firm also anticipates HSBC will resume share buybacks this quarter with an estimated $1.5 billion repurchase program. JPMorgan raised its Standard Chartered (02888) price target 7 percent to HK$295 from HK$275, maintaining "buy."