HSBC price target raised by RBC as earnings forecasts climb

What Brokers Say Finance Written by: Ephrem Joseph 12:30 Mon 17 Aug 2026 --> Edited by: Ian Lyall Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. HSBC Holdings PLC ( LSE:HSBA NYSE:HSBC ) View Price & Profile HSBC price target raised by RBC as earnings forecasts climb Published: 12:30 17 Aug 2026 BST HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC) has had its share price target raised to 1,375p from 1,275p by RBC Capital Markets after the broker increased earnings forecasts following stronger-than-expected second-quarter results. RBC retained its Sector Perform rating, with the revised target still below HSBC’s 1,525.8p share price at the time of the note, suggesting the broker sees much of the bank’s improving outlook as already reflected in the valuation. The broker lifted its 2027 adjusted pre-tax profit forecast by 5%, driven by higher banking net interest income (NII) and fees, partly offset by increased expenses. Forecast upgrades were made across all divisions, with Corporate and Institutional Banking providing the largest contribution. RBC’s revisions followed a strong second quarter in which HSBC reported adjusted pre-tax profit of $10.34 billion, 5% ahead of consensus. Adjusted revenue of US$19.04 billion beat expectations by 2%, while banking NII reached US$11.64 billion, 1% above consensus. RBC now forecasts banking NII of $47.4 billion in 2026, $50.2 billion in 2027 and US$51.4 billion in 2028, compared with management guidance for more than US$46 billion this year. The broker also raised adjusted EPS forecasts to $1.80 for 2026, $2.03 for 2027 and US$2.19 for 2028. Its adjusted return on tangible equity forecasts stand at 19% in 2026 and 19.4% in both 2027 and 2028, above management’s guidance of at least 17%. RBC expects HSBC to return $77.2 billion to shareholders between 2026 and 2028 through $50.2 billion of dividends and $27 billion of buybacks, equivalent to an average shareholder return yield of around 7.5%. Continue reading