According to a report published by UBS, HSBC Holdings' adjusted pre-tax profit for the second quarter increased 13% year-on-year to US$10.34 billion, 5% higher than the market, mainly driven by better-than-expected revenue. The company announced an interim dividend of 10 cents per share and restarted a share repurchase plan of up to 1 billion US dollars, but the amount was far lower than UBS's original forecast of about 2 billion US dollars. Management updated its guidance for the full year 2026, and the bank's net interest income guideline was raised from approximately US$46 billion to at least US$46 billion. UBS believes that although there was a strong trend in foreign exchange control in the first half of the year, the increase in the scale of repurchases and the bank's net interest income guidelines was lower than expected, and the three-year target has not been adjusted. It is believed that today will not prompt the market to re-examine its financial prospects. The bank maintains a “neutral” rating for foreign exchange control. The target price is 1,520 pence, which is equivalent to 11.5 times the predicted price-earnings ratio and 2.2 times the tangible market-account ratio in 2027.

According to a report published by UBS, HSBC Holdings' adjusted pre-tax profit for the second quarter increased 13% year-on-year to US$10.34 billion, 5% higher than the market, mainly driven by better-than-expected revenue. The company announced an interim dividend of 10 cents per share and restarted a share repurchase plan of up to 1 billion US dollars, but the amount was far lower than UBS's original forecast of about 2 billion US dollars. Management updated its guidance for the full year 2026, and the bank's net interest income guideline was raised from approximately US$46 billion to at least US$46 billion. UBS believes that although there was a strong trend in foreign exchange control in the first half of the year, the increase in the scale of repurchases and the bank's net interest income guidelines was lower than expected, and the three-year target has not been adjusted. It is believed that today will not prompt the market to re-examine its financial prospects. The bank maintains a “neutral” rating for foreign exchange control. The target price is 1,520 pence, which is equivalent to 11.5 times the predicted price-earnings ratio and 2.2 times the tangible market-account ratio in 2027.