HSBC Raises S&P 500 Target on AI-Driven Earnings Growth
HSBC raised its S&P 500 target as AI-driven earnings growth continues to strengthen major technology companies.
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HSBC raised its S&P 500 target as AI-driven earnings growth continues to strengthen major technology companies.
HSBC becomes the first European bank to exceed a $300 billion market value, reflecting strong earnings and investor confidence.
HSBC Holdings’ pretax profit dropped 14% in the third quarter following a $1.1 billion charge tied to the Bernard Madoff scandal, yet the bank raised its net interest-income forecast to $43 billion for 2025.
HSBC has joined a growing number of major banks forecasting gold at $5,000 per ounce by 2026, as geopolitical tensions, central bank demand, and policy uncertainty fuel one of the strongest bull markets in decades.