Goldman Sachs keeps Buy rating for HSBC stock at HKD 192.00

Published on 10/14/2026 at 09:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs keeps a Buy rating and HKD 192.00 target. HSBC reports third-quarter results October 27, 2026, after H1 revenue rose 11.00 percent.

Analyst view and earnings timing

Goldman Sachs maintained a Buy rating and HKD 192.00 target on October 10, 2026.
First-half 2026 revenue reached USD 37.70 billion, up 11.00 percent year over year.
HSBC stock traded at EUR 16.92 at 9:15 a.m. CEST at Lang & Schwarz on October 14, 2026.

Trading-Floor mit Händlern in Anzügen vor Bildschirmen mit FTSE 100 Charts — HSBC Holdings plc (ISIN GB0005405286) notiert im britischen Leitindex und wird täglich rege gehandelt, Illustration mit AI erstellt.

HSBC (GB0005405286) has a HKD 192.00 price target from Goldman Sachs, which maintained its Buy rating in a report dated October 10, 2026, according to Markets Insider. HSBC stock was trading at EUR 16.92 at Lang & Schwarz on October 14, 2026 at 9:15 a.m. CEST.

What supports the analyst target?

The bank's first-half 2026 revenue was USD 37.70 billion, up 11.00 percent from USD 34.12 billion in the first half of 2025. Profit before tax reached USD 19.52 billion, compared with USD 15.81 billion a year earlier, while return on average tangible equity excluding notable items was 19.10 percent.

Ticker Scout reported that second-quarter 2026 revenue rose to USD 19.12 billion from USD 16.47 billion, while profit after tax increased to USD 7.93 billion from USD 4.87 billion. The comparison benefited from losses in the prior-year quarter tied to HSBC's stake in Bank of Communications.

Three dates explain the setup

On September 10, 2026, HSBC disclosed that Group CFO Pam Kaur plans to leave her role in 2027, according to Ticker Scout. On September 28, 2026, the bank completed a buyback after repurchasing 48.70 million shares for approximately USD 998.00 million, according to the same filing digest. On October 10, 2026, Goldman Sachs maintained its Buy rating and HKD 192.00 target, as reported by Markets Insider.

When are the next results due?

HSBC's investor calendar lists the third-quarter 2026 earnings release for October 27, 2026, and the annual results for February 23, 2027, on its HSBC investor page. The next report will test whether the bank can sustain the first-half revenue growth while maintaining its capital and return targets.

Stock price stays in focus

For investors, the immediate reference point is the bank's upcoming earnings release rather than a new operating figure. The latest half-year data show a stronger profit base, but the year-over-year comparison includes a material adverse item in the prior period.

HSBC stock was trading at EUR 16.92 at Lang & Schwarz on October 14, 2026 at 9:15 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of HSBC stock.