07:00 AM EDT, 04/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We adjust our 12-month target price to USD67 (from USD69), derived by applying a P/B of 1.35x to HSBC's ( HSBC ) Q1 2025 book value per share (BVPS). The applied P/B is above its three-year average and five-year average P/B of 0.86x and 0.76x, respectively, justified by the higher interest rate environment and the improvement in HSBC's ( HSBC ) profitability in recent years. We leave our earnings per ADS forecasts unchanged. Following its strong Q1 2025 results, we remain positive on HSBC's ( HSBC ) outlook. We see momentum in fee income growth, notably in Asset Management and Private Banking, supporting HSBC's ( HSBC ) top-line amid anticipated interest rate cuts. In addition, recent actions to dispose of underperforming businesses will free up capital and other valuable resources, paving the way for HSBC ( HSBC ) to improve its profitability, in our view. The bank's commitment to shareholder returns is evident through its 50% dividend payout ratio target for 2025 and the announcement of an additional share buyback program alongside its Q1 2025 results.