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Hsbc Holdings Plc (UK) (GB:HSBA)
:HSBA
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HSBC Holdings (HSBA) AI Stock Analysis

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GB:HSBA

HSBC Holdings

(LSE:HSBA)

Rating:80Outperform
Price Target:
1,065.00p
â–²(15.14% Upside)
HSBC's overall stock score is driven by strong financial performance and strategic initiatives, such as share buybacks, that enhance shareholder value. The mixed technical indicators and valuation metrics offer a balanced view of potential risks and rewards.
Positive Factors
Earnings
HSBC reported a strong performance with underlying profit before tax approximately 10% higher than the consensus, driven by increased income.
Financial Performance
The bank announced a $3 billion buyback and a 10-cent dividend, showcasing confidence in its financial position.
Negative Factors
Market Uncertainty
Management emphasized ongoing uncertainties related to tariffs and the trajectory of US rates, leading to a maintained neutral rating.
Revenue Challenges
The time lag between revenue lost and revenue generated could be longer, potentially resulting in a pinch point in 2025.

HSBC Holdings (HSBA) vs. iShares MSCI United Kingdom ETF (EWC)

HSBC Holdings Business Overview & Revenue Model

Company DescriptionHSBC Holdings plc, headquartered in London, is one of the world's largest banking and financial services organizations. The company operates through multiple segments, including Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. HSBC serves millions of customers worldwide, offering a comprehensive range of financial services such as personal banking, corporate banking, investment banking, wealth management, and global markets solutions.
How the Company Makes MoneyHSBC generates revenue through a diversified business model that includes interest income from loans and mortgages, fees and commissions from various banking services, and trading and investment income. Key revenue streams include retail banking services like personal loans, mortgages, and credit cards, as well as commercial banking services such as corporate lending and trade finance. Global Banking and Markets contribute significantly through advisory, underwriting, and trading services across various asset classes. HSBC also benefits from wealth and asset management services, providing investment solutions and financial planning for individuals and institutions. The bank's extensive international presence and strategic partnerships enable it to capitalize on cross-border transactions and global economic activities, further enhancing its revenue potential.

HSBC Holdings Earnings Call Summary

Earnings Call Date:Jul 30, 2025
(Q2-2025)
|
% Change Since: -4.64%|
Next Earnings Date:Oct 28, 2025
Earnings Call Sentiment Neutral
HSBC delivered a strong first-half performance with significant revenue and profit growth, coupled with substantial customer acquisition and strategic advancements in technology and services. However, challenges such as HIBOR rate impacts, Hong Kong CRE pressures, and macroeconomic uncertainties present ongoing risks.
Q2-2025 Updates
Positive Updates
Strong First Half Performance
Excluding notable items, revenue in the first half of 2025 grew 6% to $35.4 billion, with profit before tax up 5% at $18.9 billion. Annualized return on tangible equity rose to 18.2%.
Significant Customer Growth
In Hong Kong, HSBC attracted 100,000 new-to-bank customers every month on average in 2025, while in the UK, the loan book grew by $6 billion over the quarter.
Dividend and Share Buyback Highlights
Announced a $0.10 dividend per share and a share buyback of up to $3 billion, bringing total shareholder distributions in the first half of 2025 to $9.5 billion.
Transaction Banking and Wealth Growth
Wholesale transaction banking fee and other income grew by 5% in Q2, with net new invested assets of $22 billion in Q2, and $75 billion over the last 12 months.
Advancements in Technology and Services
Launched HSBC TradePay in the U.S. and Tokenised Deposit Services in several markets, enhancing payment solutions globally.
Negative Updates
HIBOR Impact on Banking NII
Lower HIBOR rates presented a headwind, affecting monthly revenues by approximately $100 million per 1% drop.
Hong Kong Commercial Real Estate Challenges
ECL (Expected Credit Loss) guidance revised to around 40 basis points due to pressures in the Hong Kong CRE market.
BoCom Impairment
Impairment charges related to Bank of Communications, affecting the overall financial statements.
Uncertainty in Global Macro Environment
Continued macroeconomic uncertainty, including tariffs and interest rate volatility, impacting business decisions and outlook.
Company Guidance
In the recent call, HSBC Holdings plc provided guidance on several key financial metrics. Revenue for the first half of 2025, excluding notable items, grew by 6% to $35.4 billion, and profit before tax increased by 5% to $18.9 billion. The annualized return on tangible equity was 18.2%, reflecting a 1.2% year-on-year increase. The bank announced a $0.10 dividend per share for the second quarter and a share buyback of up to $3 billion, contributing to total shareholder distributions of $9.5 billion for the half year. HSBC's deposit base grew by $83 billion over the past year, despite challenges such as HIBOR headwinds, and the full-year banking net interest income (NII) is expected to be around $42 billion. The bank's cost-efficiency initiatives are on track to deliver approximately $1.5 billion in simplification savings by the end of 2026. Additionally, HSBC revised its expected full-year expected credit loss (ECL) guidance to around 40 basis points. The group remains committed to its mid-teens return on tangible equity guidance, excluding notable items, for 2025, 2026, and 2027.

HSBC Holdings Financial Statement Overview

Summary
HSBC exhibits strong financial health with consistent revenue growth, robust cash flow, and effective cost management. The balance sheet is stable, though some equity volatility is noted. Overall, financial practices are sound, supporting growth potential.
Income Statement
85
Very Positive
HSBC has shown consistent revenue growth with a notable increase from the previous year, indicating positive growth trends. The gross profit margin is healthy at 100%, typical for banking as revenue equals gross profit. The net profit margin is strong, reflecting effective cost management. However, the absence of EBIT and EBITDA data limits analysis of operating efficiency.
Balance Sheet
78
Positive
The company maintains a strong equity position with a high equity ratio, indicating financial stability. There is no reported debt in the latest year, reducing financial leverage risks. However, fluctuations in shareholder equity and assets suggest potential volatility in financial structure.
Cash Flow
82
Very Positive
Operating cash flow is robust compared to net income, highlighting strong cash generation capabilities. Free cash flow has grown significantly, underscoring financial flexibility. The cash flow to net income ratios are favorable, indicating efficient cash usage to support operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue79.15B67.40B63.02B76.17B73.95B63.22B
Gross Profit67.61B67.40B56.35B67.01B64.24B63.22B
EBITDA33.33B36.39B33.81B20.91B23.19B0.00
Net Income20.72B23.98B23.53B15.56B13.92B5.23B
Balance Sheet
Total Assets3.05T3.02T3.04T2.97T2.96T2.98T
Cash, Cash Equivalents and Short-Term Investments254.66B821.55B307.03B350.05B407.15B308.57B
Total Debt474.52B242.35B235.16B100.44B99.04B117.44B
Total Liabilities2.86T2.82T2.85T2.77T99.04B117.44B
Stockholders Equity190.81B184.97B185.33B187.48B198.25B196.44B
Cash Flow
Free Cash Flow0.0061.42B35.42B22.02B100.75B178.71B
Operating Cash Flow0.0065.31B39.11B26.43B104.31B182.22B
Investing Cash Flow0.00-76.56B-62.91B-34.48B27.54B-22.43B
Financing Cash Flow0.0017.78B-17.56B-6.29B-10.79B-4.64B

HSBC Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price925.00
Price Trends
50DMA
899.45
Positive
100DMA
868.40
Positive
200DMA
814.00
Positive
Market Momentum
MACD
9.59
Positive
RSI
51.56
Neutral
STOCH
19.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HSBA, the sentiment is Positive. The current price of 925 is below the 20-day moving average (MA) of 933.14, above the 50-day MA of 899.45, and above the 200-day MA of 814.00, indicating a neutral trend. The MACD of 9.59 indicates Positive momentum. The RSI at 51.56 is Neutral, neither overbought nor oversold. The STOCH value of 19.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HSBA.

HSBC Holdings Risk Analysis

HSBC Holdings disclosed 36 risk factors in its most recent earnings report. HSBC Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

HSBC Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
£160.90B11.9310.81%5.52%-6.07%-16.24%
65
Neutral
kr125.18B19.937.06%4.05%7.79%-20.13%
―$42.40B9.7610.16%2.17%――
79
Outperform
£50.86B8.6210.02%1.75%13.03%60.72%
75
Outperform
£0.008.7614.07%4.11%7.03%25.89%
74
Outperform
£51.59B52.584.50%1.40%6.02%44.64%
72
Outperform
£48.21B12.0910.21%4.40%0.92%-11.64%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:HSBA
HSBC Holdings
925.00
323.80
53.86%
SCBFF
Standard Chartered
18.41
9.69
111.12%
GB:BARC
Barclays
360.85
153.41
73.95%
GB:LLOY
Lloyds Banking
80.76
26.41
48.59%
GB:LSEG
London Stock Exchange
9,804.00
165.93
1.72%
GB:NWG
NatWest Group
522.80
205.81
64.93%

HSBC Holdings Corporate Events

Stock Buyback
HSBC Executes Share Buy-Back to Enhance Shareholder Value
Positive
Aug 1, 2025

HSBC Holdings plc announced the repurchase and cancellation of approximately 4.9 million ordinary shares as part of its ongoing buy-back program. This move, involving transactions on both the London and Hong Kong Stock Exchanges, aims to optimize the company’s capital structure and enhance shareholder value, with implications for its issued share capital and voting rights.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £83.30 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Regulatory Filings and Compliance
HSBC Updates Share Capital and Voting Rights Information
Neutral
Jul 31, 2025

HSBC Holdings PLC announced that as of July 30, 2025, its issued share capital consists of 17,420,706,187 ordinary shares, with no shares held in treasury. This total number of voting rights is crucial for shareholders to determine their notification requirements under relevant financial regulations, impacting their stake and governance participation in the company.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.20 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
HSBC Releases Approved Base Prospectus Supplement
Neutral
Jul 31, 2025

HSBC Holdings plc has announced the publication of a base prospectus supplement, which has been approved by the Financial Conduct Authority. This document is part of their ongoing issuance programs and is now available for public viewing. The release of this supplement is a strategic move to enhance HSBC’s financial offerings and maintain its strong position in the global banking industry, potentially impacting investors and stakeholders by providing updated information on its financial instruments.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £9.60 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
HSBC Announces $3 Billion Share Buy-Back Program
Positive
Jul 31, 2025

HSBC Holdings plc has announced a share buy-back program, aiming to repurchase up to US$3 billion of its ordinary shares to reduce its outstanding shares. This strategic move, involving non-discretionary agreements with Merrill Lynch International, will take place across various stock exchanges, including the London Stock Exchange and the Hong Kong Stock Exchange, and is expected to impact the company’s market positioning by potentially increasing shareholder value.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
HSBC Holdings Releases 2025 Interim Report
Neutral
Jul 30, 2025

HSBC Holdings plc has released its Interim Report for the half-year ended 30 June 2025, which is now available for inspection through the National Storage Mechanism and the company’s website. This report provides essential regulated information, reflecting the company’s compliance with financial disclosure requirements, and will be mailed to shareholders who prefer hard copies by 22 August 2025.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.90 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock BuybackDividendsBusiness Operations and StrategyFinancial Disclosures
HSBC Holdings Reports Decrease in Profit Amid Strategic Focus and Market Volatility
Neutral
Jul 30, 2025

HSBC Holdings reported a decrease in profit before tax by $5.7 billion to $15.8 billion in the first half of 2025, primarily due to dilution and impairment losses related to its associate Bank of Communications Co., Limited, and the non-recurrence of gains from previous business disposals. Despite these challenges, the company saw growth in revenue from Wealth, Foreign Exchange, and Debt and Equity Markets, driven by volatile market conditions. HSBC remains focused on its strategic goals, aiming for a mid-teens return on tangible equity and managing economic uncertainties while continuing to invest in technology and organizational simplification. The board approved a second interim dividend and plans a share buy-back, signaling confidence in future performance.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
HSBC Holdings Announces Interim Results Discussion via Zoom
Neutral
Jul 30, 2025

HSBC Holdings announced an upcoming Zoom meeting for investors and analysts to discuss its interim results for 2025, featuring presentations by Group Chief Executive Georges Elhedery and Group Chief Financial Officer Pam Kaur. This meeting underscores HSBC’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
HSBC Executive Acquires Shares Under Incentive Plan
Positive
Jul 29, 2025

Ian Stuart, Chief Executive of HSBC UK Bank plc, has acquired 15 ordinary shares of HSBC Holdings under the company’s UK Share Incentive Plan. This transaction, disclosed in compliance with the UK Market Abuse Regulation, reflects ongoing managerial investment in the company, potentially signaling confidence in its market position and future prospects.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
HSBC Advances Share Buy-Back Program with Latest Repurchase
Positive
Jul 4, 2025

HSBC Holdings PLC announced the repurchase and cancellation of a significant number of its ordinary shares as part of its ongoing buy-back program. This move, involving transactions on both the London and Hong Kong stock exchanges, is part of a broader strategy to manage its share capital and enhance shareholder value. The cancellation of shares will adjust the company’s issued ordinary share capital, impacting shareholder calculations under regulatory guidelines.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
HSBC Advances Share Buy-back Program with Latest Repurchases
Positive
Jul 3, 2025

HSBC Holdings PLC announced the repurchase and cancellation of 649,132 ordinary shares on UK venues and 6,400 shares on the Hong Kong Stock Exchange as part of its ongoing buy-back program. This action, part of a larger initiative commenced in May 2025, aims to optimize the company’s capital structure and potentially enhance shareholder value. The repurchase program has so far involved a total of 198,712,771 shares, amounting to approximately US$2,319.2 million, reflecting HSBC’s strategic focus on managing its equity base effectively.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
HSBC Continues Strategic Share Buy-Back Program
Positive
Jul 2, 2025

HSBC Holdings PLC announced the repurchase and cancellation of 3,219 ordinary shares as part of its ongoing buy-back program, initially announced on May 6, 2025. This transaction is part of a larger effort, with a total of 198,057,239 shares repurchased for approximately US$2,311.3 million, aimed at reducing the company’s share capital and potentially increasing shareholder value. The completion of these transactions impacts the company’s issued ordinary share capital, now consisting of 17,477,810,898 shares with voting rights, and reflects HSBC’s strategic financial management to enhance shareholder returns.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock Buyback
HSBC Continues Share Buy-Back with Latest Repurchase
Neutral
Jul 1, 2025

HSBC Holdings PLC announced the repurchase and cancellation of 102,144 of its ordinary shares from Morgan Stanley as part of its ongoing buy-back program. This transaction is part of a larger buy-back initiative that began in May 2025, with the company having repurchased over 198 million shares, impacting its share capital and potentially influencing shareholder interests and market positioning.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Regulatory Filings and Compliance
HSBC Updates Share Capital and Voting Rights Information
Neutral
Jun 30, 2025

HSBC Holdings plc announced that as of 27 June 2025, its issued share capital consisted of 17,477,916,261 ordinary shares, with no shares held in treasury. This update is significant for shareholders as it provides the total number of voting rights, which is crucial for determining notification requirements under financial regulations in the UK and Hong Kong.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
HSBC Executive Acquires Shares Under Incentive Plan
Positive
Jun 30, 2025

Ian Stuart, Chief Executive of HSBC UK Bank plc, acquired 17 ordinary shares of HSBC Holdings under the UK Share Incentive Plan. This transaction, disclosed in compliance with the UK version of the EU Market Abuse Regulation, reflects ongoing managerial engagement with the company’s equity, potentially signaling confidence in the company’s future performance.

The most recent analyst rating on (GB:HSBA) stock is a Buy with a £8.40 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Stock Buyback
HSBC Executes Major Share Buy-back
Neutral
May 9, 2025

HSBC Holdings PLC announced the repurchase and cancellation of a significant number of its ordinary shares as part of its buy-back program. The company purchased over 7.5 million shares across UK and Hong Kong exchanges, with a total buy-back since May 6 amounting to approximately US$264.4 million. This move is expected to impact the company’s share capital structure and could influence shareholder interests and market perceptions.

Executive/Board ChangesBusiness Operations and Strategy
HSBC Announces Long-Term Incentive Awards for Executives
Neutral
May 9, 2025

HSBC Holdings announced long-term incentive awards for its Executive Directors as part of their variable pay for the performance year ending December 2024. These awards, which consist of shares in the company, will vest over a period of five years starting in 2028, subject to performance assessments. The awards aim to align executive compensation with the company’s long-term performance goals, potentially impacting the company’s operational strategies and stakeholder interests.

Business Operations and StrategyRegulatory Filings and Compliance
HSBC Announces Conditional Share Awards to Key Personnel
Neutral
May 9, 2025

HSBC Holdings PLC announced the grant of conditional awards to its directors, employees, and former employees, allowing them to subscribe for a total of 2,936,123 ordinary shares under the HSBC Share Plan 2011. These awards are part of the company’s long-term incentive plan, with specific performance targets and clawback policies in place. The grants aim to align the interests of the grantees with the company’s strategic goals, potentially impacting the company’s operations by motivating key personnel and ensuring regulatory compliance.

Stock BuybackBusiness Operations and Strategy
HSBC Executes Share Buy-Back to Enhance Shareholder Value
Positive
May 8, 2025

HSBC Holdings PLC has executed a share buy-back, purchasing 12,166,047 of its ordinary shares from Morgan Stanley as part of its ongoing buy-back program announced on 6 May 2025. This move, involving transactions on both the London and Hong Kong Stock Exchanges, is part of HSBC’s strategy to optimize its capital structure and enhance shareholder value. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares. The total consideration for the repurchase is approximately US$179.7 million, reflecting HSBC’s commitment to returning capital to shareholders.

Stock Buyback
HSBC Executes Share Buy-Back to Enhance Capital Structure
Positive
May 7, 2025

HSBC Holdings plc announced the purchase and cancellation of 3,869,057 of its ordinary shares as part of a buy-back program initiated on May 6, 2025. This move, involving transactions on both the London and Hong Kong stock exchanges, aims to optimize the company’s capital structure and enhance shareholder value. The total consideration for the repurchased shares is approximately US$43.6 million, and the company’s issued ordinary share capital now consists of 17,652,772,280 shares with voting rights.

Delistings and Listing ChangesStock Buyback
HSBC Cancels Over 18 Million Shares, Updates Voting Rights
Neutral
May 6, 2025

HSBC Holdings PLC announced the cancellation of 18,027,600 ordinary shares, which were previously repurchased on the Hong Kong Stock Exchange. This action reduces the total number of ordinary shares in issue to 17,655,082,392, which is now the total number of voting rights. This update is significant for shareholders as it affects the calculation of their interest in the company under regulatory guidelines.

Stock Buyback
HSBC Announces $3 Billion Share Buy-Back Program
Positive
May 6, 2025

HSBC Holdings plc has announced a share buy-back program to repurchase up to US$3 billion of its ordinary shares, aiming to reduce the number of outstanding shares. The buy-back will be facilitated through non-discretionary agreements with Morgan Stanley, who will independently execute the purchases on various stock exchanges, including the London Stock Exchange and the Hong Kong Stock Exchange. This strategic move is expected to enhance shareholder value and reflects HSBC’s strong financial position and commitment to returning capital to shareholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 02, 2025