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<Research>UBS Raises HSBC HOLDINGS (00005.HK) TP to $108.2 on Strong 3Q Results
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HSBC HOLDINGS (00005.HK) posted strong 3Q25 results, with pre-provision operating profit (PPOP) rising 9% YoY, UBS released a research report saying. Excluding a significant special item of US$1.6 billion, the actual performance was even more remarkable. During the period, revenue increased by 5%, while net interest income rose by 4%, with fees and other income inclining by 6%, partially offset by a 1% hike in operating expenses. The 3Q25 CET1 ratio was 14.5%, down 10 bps QoQ, also in line with expectations. The broker raised its 2025-2027 EPS forecasts for HSBC HOLDINGS by 3%/ 1%/ 0% respectively, and raised its target price from $103.7 to $108.2, with rating kept at Neutral. AASTOCKS Financial News Website: www.aastocks.com |
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