Bank of America Securities published a research report. It is expected that HSBC Holdings will achieve significant growth in two areas next year, including Hong Kong deposit business and Asian wealth management business. It believes that foreign exchange control has significant competitive advantages in these two areas, and management has also promised to increase investment in related fields. It is expected that increased resource allocation will further enhance its competitive advantage and increase its market share. The bank's earnings forecast per share for 2026 and 2027 is about 7% to 9% higher than market expectations, mainly due to higher revenue and share repurchases. It is also expected that the rate of share repurchases will return to the level of 2 billion to 3 billion US dollars per quarter from the second quarter of next year. The bank raised the foreign exchange control rating from “neutral” to “buy” and raised the target price of shares listed in London, England from 1,160 pence to 1,300 pence.

Bank of America Securities published a research report. It is expected that HSBC Holdings will achieve significant growth in two areas next year, including Hong Kong deposit business and Asian wealth management business. It believes that foreign exchange control has significant competitive advantages in these two areas, and management has also promised to increase investment in related fields. It is expected that increased resource allocation will further enhance its competitive advantage and increase its market share. The bank's earnings forecast per share for 2026 and 2027 is about 7% to 9% higher than market expectations, mainly due to higher revenue and share repurchases. It is also expected that the rate of share repurchases will return to the level of 2 billion to 3 billion US dollars per quarter from the second quarter of next year. The bank raised the foreign exchange control rating from “neutral” to “buy” and raised the target price of shares listed in London, England from 1,160 pence to 1,300 pence.