HSBC HSBC Holdings plc

BofA Securities named HSBC its top banking-sector pick for the year and said it is most bullish on NatWest ahead of Q3 earnings. Analyst Perlie Mong expects mixed results for UK banks, with higher interest rates and solid loan growth supporting net interest income, although benefits may take time to materialize and fee income remains uneven. BofA maintained Buy ratings on HSBC, NatWest and Lloyds, and Neutral on Barclays, with unchanged price targets. HSBC: BofA sees the bank well positioned to benefit from higher rates and strong Hong Kong deposit growth. Deposits rose 9–10% in July and August, while loans grew around 8%; wealth management is expected to maintain double-digit growth. However, Hong Kong Stock Exchange trading volumes fell approximately 11% year over year, and southbound flows dropped 30%. An estimated $2B capital impact from the HTCNS portfolio limits buyback potential, with BofA forecasting a $1B repurchase versus the $1.6B consensus. $HSBC $BAC

$HSBC huge overreaction. Selling off because it is modernising and driving efficiencies and cost savings with AI? Surely that’s bullish

HSBC has moved an upcoming board meeting from Dubai to London due to security concerns linked to the ongoing conflict involving Iran, the Financial Times reported Wednesday. The bank’s board members will now meet in London later this month instead of Dubai, according to people familiar with the matter cited by the FT. The meeting had originally been scheduled to take place in Dubai, where HSBC maintains a major regional presence. The decision reflects heightened security concerns across the Gulf as tensions between the U.S. and Iran remain elevated. The prolonged standoff has raised the possibility of further military action and increased uncertainty for businesses operating in the region. Although Iran has not directly attacked the United Arab Emirates since May, regional tensions remain high. The relocation of HSBC’s board meeting underscores the broader security considerations facing international companies with significant operations and personnel in the Middle East. $HSBC