- HSBC (HSBA) H1 pretax profit rose 23% YoY to $19.5B. Bank raised full-year net interest income target to above $46B, reflecting H1 results and updated NII outlook.
- Citi downgraded HSBC ADR (HSBA) to neutral, trimmed 2026–28 EPS forecasts and cut price target, citing strong YTD gains, valuation, planned investments, asset sales and reduced near-term buybacks.
- HSBC Holdings PLC Sponsored ADR (HSBA) fell at the Hong Kong open after a Caixin report saying mainland China is taxing offshore insurance policy income, prompting early selling in insurer stocks.
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