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<Research>G Sachs: HSBC HOLDINGS 1Q Results In Line
HSBC HOLDINGS (00005.HK) reported underlying PBT of USD10.1 billion in 1Q, 3% above the broker's expectations, thanks to better-than-expected non-banking NII, while banking NII...
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<Research>G Sachs: HSBC HOLDINGS 1Q Results In Line
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HSBC HOLDINGS (00005.HK)  -1.100 (-0.783%)    Short selling $174.82M; Ratio 13.633%   reported underlying PBT of USD10.1 billion in 1Q, 3% above the broker's expectations, thanks to better-than-expected non-banking NII, while banking NII met expectations, Goldman Sachs said in a research report. However, the positives were offset by higher-than-expected costs and impairment.

Credit costs during the period were 52 bps, better than expected, including USD300 million of provisions related to the Middle East and USD400 million of UK fraud-related losses. CRE loans in Hong Kong remained stable. The company lately expected full-year credit costs of 45 bps, higher than its previous guidance of 40 bps.

Related News Citi Raises HSBC HOLDINGS (00005.HK) TP to HKD156.7, Lifts Earnings Forecast
Goldman Sachs assigned a TP of HKD160 and rated the stock Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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