HSBC’s ‘never had it so good’ say Barclays analysts
Barclays analysts have said HSBC “never had it so good” as they predicted further growth and upsides for the FTSE 100 lender.
Following the lender’s strong full-year performance, the analysts upgraded HSBC’s share price target by 28 per cent to 1,200p.
The lender pocketed a pre-tax profit of £25.6bn in 2024, up from £24bn in 2023.
The Barclays analysts said profit would come in ahead of company-compiled profit estimates for 2025, predicting a £24.6bn pre-tax profit.
They added net interest income was expected to grow despite the Bank of England slashing rates, with it set to benefit from volume growth and a boost in its structural hedge.
Analysts Aman Rakkar and Grace Dargan said HSBC’s updated strategy helped the firm deliver on a number of fronts.
They said the new plans will “likely see HSBC enter a new era for sustainable return on tangible equity.”
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10