Business & Finance
HSBC’s Record-Breaking Stock Rally Faces Test From Earnings
Key Points
HSBC’s Record-Breaking Stock Rally Faces Test From Earnings A surge in HSBC Holdings Plc.’s shares to a record has raised the bar for the Asia-focused lender to deliver results that can help sustain the rally, with investors focused on capital returns, buyback prospects and the outlook. The bank is expected to report a pretax profit of $9.51 billion for the June quarter on Tuesday, according to the average of estimates compiled by it, and about $9.7 billion based on figures compiled by...
HSBC’s Record-Breaking Stock Rally Faces Test From Earnings
A surge in HSBC Holdings Plc.’s shares to a record has raised the bar for the Asia-focused lender to deliver results that can help sustain the rally, with investors focused on capital returns, buyback prospects and the outlook.
The bank is expected to report a pretax profit of $9.51 billion for the June quarter on Tuesday, according to the average of estimates compiled by it, and about $9.7 billion based on figures compiled by Bloomberg. Firmer rates, resilient loan demand and improving asset quality could offset incipient pressure from mortgages and cross-border wealth restrictions, according to Bloomberg Intelligence.