汇丰控股升目标价至111.9港元,维持“跑赢行业”评级

中金公司
01 Aug

一、业绩表现与预期汇丰控股(00005)在2Q25的业绩表现小幅高于 中金公司 的预期。公司经调税前利润为92亿美元,同比增长1%,主要得益于非息收入的强劲增长以及净利息收入的韧性。然而,报告口径税前利润同比下降29%至63亿美元,主要是由于交行再融资带来的股权稀释及减值损失合计21亿美元,其中10亿美元的减值计提未被市场预期。二、非息收入的增长驱动经调非息收入同比增长20%,成为税前利润超预期的...

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