HSBC

BAC, C, DB and HSBC are among six banks agreeing to an $86.4M settlement over alleged Mexican bond market manipulation.

HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC) has had its share price target raised to 1,375p from 1,275p by RBC Capital Markets after the broker increased earnings forecasts following stronger-than-expected second-quarter results. RBC retained its Sector Perform rating, with the revised target still below HSBC's 1,525.8p share price at the time of the note, suggesting the broker sees much of the bank's improving outlook as already reflected in the valuation.

HSBC's global chief executive for insurance ‌business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, according to two people with direct knowledge ​of the matter.

Prudential PLC (LSE:PRU) shares plunged 11.6% to 967.9p after reports that Chinese authorities had begun taxing returns from offshore insurance policies, threatening demand from mainland customers. The sell-off spread to other Asia-focused FTSE 100 companies, with HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC) and Standard Chartered PLC (LSE:STAN) both dropping over 6%.

Citi has downgraded HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC) to 'neutral' from 'buy', arguing that the shares need a breather after one of the strongest runs in the European banking sector this year. The stock is up 40% since January, and the bank now trades on roughly 11 times forward earnings and 2.2 times price to tangible book for a return on tangible equity of about 18% to 19%.

HSBC NYSE: HSBC reported higher revenue and profit for the first half of 2026, supported by growth in banking net interest income, wealth fees, deposits and lending, while maintaining its capital targets and largely completing its planned debt issuance for the year.

HSBC posts a 60.4% y/y jump in Q2 pre-tax profit as higher revenues, lower expenses and reduced credit impairment charges boost the results.

HSBC Holdings PLC's (LSE:HSBA) return to share buybacks was deemed a bit on the small side, despite the Asia-focused lender's stronger-than-expected quarter and improving business momentum. The FTSE 100's largest company announced a $1 billion buyback alongside a 60% rise in second-quarter pre-tax profit to $10.1 billion.

HSBC is initiated with a "Buy" rating, reflecting robust Q2 results and a powerful technical uptrend. Q2 and 1H 2023 delivered double-digit revenue growth, 23% YoY profit increase, and a $1 billion buyback, with management raising 2026 NII guidance. HSBC targets at least $46 billion in banking NII by FY 2026, $1.5–$2 billion in cost savings, and 17%+ annual return on tangible equity through 2028.

HSBC Holdings plc (HSBC) Q2 2026 Earnings Call Transcript