On July 23, STANCHART rose 3.04% in regular trading, trading at HK$230.0/share, with turnover of HK$104 million.

On the news front, JP Morgan published a research report on July 22, raising its target price for STANCHART from HK$275 to HK$295 while maintaining an Overweight rating. The bank raised its net interest income growth forecast to 2%, above management guidance and market expectations, and projected total revenue growth of approximately 6%. Previously, Goldman Sachs also raised its target price to HK$267 with a Buy rating, anticipating the company will announce a share buyback plan of approximately US$1 billion at its earnings release on July 29.

Additionally, the group's joint venture fintech firm plans to launch a Hong Kong dollar stablecoin this month, advancing its digital asset business strategy. Multiple positive catalysts converged to lift market sentiment. Within the Diversified Banks sector, HSBC HOLDINGS rose 1.76%, CCB rose 2.22%, BANK OF CHINA rose 2.31%, ICBC rose 2.29%, and BOC HONG KONG rose 1.94%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)