HSBC HOLDINGS (00005.HK) +2.200 (+1.553%) Short selling $225.55M; Ratio 8.458% delivered mixed 1Q results, with its share price falling 3.8% on the afternoon of May 5 (yesterday), while the HSI added 0.6% over the same period, JPMorgan said in a report. The broker viewed the share price has overshot to the downside, partly due to overly high market expectations following Standard Chartered's results and concerns over exposure to the private credit market triggered by a USD400 million ECL provision tied to an unexpected fraud incident.Related NewsHSBC HOLDINGS (00005.HK) Gains Over 2% at Midday; G Sachs Reiterates BuyAccording to JPMorgan, key takeaways from HSBC's earnings conference call were broadly positive, as the broker deemed the risk of a meaningful step-up in credit cost owing to the Mideast situation and the fraud case is low. HSBC management hinted potential upside to its NII guidance of USD46 billion, compared with market expectations of USD45.8 billion, and reiterated its cost and ROTE guidance despite risks related to the Middle East and private credit.JPMorgan reiterated its Overweight rating on HSBC HOLDINGS, with a TP of HKD180. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
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