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<Research>JPM Expects 1Q Growth Momentum of HSBC HOLDINGS/ STANCHART to Be Intact, Prefers HSBC HOLDINGS
Recommend 21 Positive 34 Negative 17 |
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JPMorgan released a research report forecasting that HSBC HOLDINGS (00005.HK) will record YoY growth of 5% in revenue and 4% in adjusted profit before tax for 1Q26, while STANCHART (02888.HK) will post slower growth of 3% and 0%, respectively. Given the uncertain interest rate trend, both banks are unlikely to revise their net interest income guidance at this stage, the broker noted. Given the uncertain trajectory of developments in the Middle East conflict, the broker preferred HSBC HOLDINGS over STANCHART until greater clarity emerges. Both companies are rated at Overweight. Auto-translated by AI AASTOCKS Financial News |
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