Goldman Sachs and Morgan Stanley Had a Monster Quarter. Analysts Say These Giants Could Be Next.
Hong Kong Court Rejects Wahaha Heiress' Appeal Over $1.8 Billion Assets
JPMorgan raises HSBC Holdings (00005.HK) target price to HK$200, citing robust second-quarter revenue growth driven by net interest income.
JPMorgan published a research report expecting HSBC Holdings (00005.HK) to benefit from improved net interest income and operating leverage, resulting in solid earnings growth in the second quarter, although higher credit costs will partially offset these gains. The bank raised its target price for HSBC Holdings from HK$182 to HK$200, maintaining its 'Overweight' rating. It forecasts HSBC's second-quarter revenue to increase by 6% year-on-year, primarily driven by an 8% year-on-year rise in banking net interest income, while non-interest income is expected to grow more modestly at 3% year-on-year. Wealth management income is projected to perform strongly, with an anticipated 16% year-on-year increase. The bank expects operating expenses to rise by 2% year-on-year, and pre-provision operating profit...
While JPMorgan moves settlement onto the blockchain, your finance department is still holding 'feasibility workshops.'
Authors: Yi Heyi First, let’s correct a misjudgment: this is not “yet another hype cycle,” but rather a migration of cash pipelines. Many executives, upon seeing figures like “USD 27.5 billion” and “30% quarterly growth,” instinctively respond: “The scale is still too small—it’s far from the trillion-dollar mark; let’s wait and see.” While this assessment may be mathematically sound, it is strategically perilous. The crux of RWA tokenization does not lie in how many billions of dollars are currently on-chain, but in which institutions have already migrated core functions—such as settlement, registration, issuance, and custody—onto programmable ledgers. According to RWA.xyz, on-chain RWAs (excluding stablecoins) stood at approximately USD 21 billion at the beginning of 2026.
Market Chatter: HSBC Integrates Seven Hong Kong Departments With Hang Seng Bank
Express News | Morgan Stanley : HSBC Raises Target Price to $215 From $190