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HSBC reinstated with a Buy at Goldman Sachs

Goldman Sachs analyst Chris Hallam reinstated coverage of HSBC (HSBC) with a Buy rating and 1,675 GBp price target Across European, Asian and global peers, HSBC presents a near-unique combination of a scaled deposit franchise, consistent and structural growth and a liquidity focused balance sheet, the analyst tells investors in a research note. Looking ahead, Goldman is modeling 4%-6% revenue growth per year in 2026-27, with a split of 3%-5% net interest income and 6%-8% growth in fees, the firm added.

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