Source: China – South China Morning PostHSBC will retain the highest return to shareholders among lenders in the Greater China region, according to JPMorgan analysts, who have raised their price target for the bank’s shares twice since July.
The Hong Kong bank’s shares may advance to HK$122 by the end of 2026, JPMorgan said after raising its price target on August 1 from a July 22 revision of HK$118. The stock rose 0.2 per cent in a declining market to HK$96.50 in Hong Kong on Wednesday.
The 160-year-old bank, which traces its roots…Read More