Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM: STANCHART 2Q Growth to Be More Resilient than HSBC HOLDINGS; Ratings Kept at Overweight
Recommend 13 Positive 18 Negative 20 |
||||
|
||||
|
HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) will announce their 2Q25 results at end-July, JPMorgan released a research report saying. Currently, it is predicted that STANCHART's net interest income accounted for about 52% of revenue, compared to HSBC HOLDINGS' about 60%, and is believed to be less impacted by lower interest rates. Moreover, with less exposure to Hong Kong commercial real estate risks, the pressure on asset quality will be relatively low. Therefore, STANCHART's growth performance is expected to be more resilient. The two stocks are rated at Overweight. JPMorgan estimated HSBC HOLDINGS' 2Q25 net interest income to decrease by 1% QoQ to US$10.5 billion, with a slight decline in net interest margin. Wealth management income is expected to grow by 16% YoY, with strong foreign exchange business performance. Its credit loss provision rate is expected to rise from 37 bps in 1Q25 to 50 bps. Investors are likely to focus more on its cost-saving progress and its approach to Hong Kong real estate risks. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
