Why Is HSBC Stock Trading Higher On Tuesday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
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Source: Benzinga
First Quarter Financial Results: HSBC reported a 13% year-over-year decrease in revenue to $17.6 billion, primarily due to business divestments, while adjusted EPS rose to $1.95 from $1.70 a year ago. The bank also completed a $2 billion share buyback and plans an additional $3 billion buyback after its annual general meeting.
Future Outlook: HSBC targets banking net interest income of around $42 billion for FY25, with expected cost reductions of $0.3 billion in 2025 and $1.5 billion by the end of 2026, alongside anticipated credit loss charges between 30-40 basis points in 2025.
Analyst Views on IDVZ
Wall Street analysts forecast IDVZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IDVZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
