10:25 AM EDT, 10/28/2025 (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 maintain our 3-STARS (Hold) rating on HSBC ( HSBC ) with an unchanged target price of USD75. We shift our valuation methodology from P/B to P/E, applying a 10.1x multiple to our 2026 EPS forecast, a premium to HSBC's ( HSBC ) 5-year forward P/E average of 8.3x and to U.K. peers at 7.6x. We view this premium as justified by HSBC's ( HSBC ) stronger forward ROE of 13% vs. peers' 10.9%, its diversified global franchise, and structural growth in Wealth and Transaction Banking. Following Q3 results, we adjust our earnings per ADS forecasts to USD7.00 (from USD6.25) for 2025 and USD7.25 (from USD6.75) for 2026, reflecting upgraded NII guidance and resilient fee momentum. While underlying performance is robust and capital return prospects remain attractive, near-term upside is tempered by legal provisions, Hong Kong CRE stress, and the temporary suspension of buybacks. We therefore maintain a balanced stance, awaiting clearer catalysts for re-rating.