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<Research>Jefferies: HSBC HOLDINGS 2Q NII Beats; Wealth Mgmt Biz Sturdy
Recommend 18 Positive 43 Negative 32 |
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HSBC HOLDINGS (00005.HK) reported a return on tangible equity of 17.7% for 2Q25, with pre-tax earnings beating the vast majority of market estimates (excluding BOCOM) by 10% , thanks to a robust pre-provision operating revenue performance, according to Jefferies' research report. The group maintained its full-year net interest income guidance of USD42 billion unchanged for its banking business, though its Hong Kong operations will continue to face downside risks. In addition, revenue from the group's wealth management business grew by 22% YoY along with new client capital inflows. The outlook for this business is positive. AAStocks Financial News |
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