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 ForecastGoldman 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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