Citi Raises HSBC Price Target to 1,240 GBp, Reaffirms Buy Rating

Group 1: Company Overview - HSBC Holdings plc is a London-based global banking and financial services institution with strong ties to East Asia and a vast international network [2] Group 2: Financial Performance - In Q3 2025, HSBC reported a 5% year-over-year revenue increase, rising by $0.8 billion to $17.8 billion compared to Q3 2024, driven by higher fees and income in the Wealth division, particularly in the International Wealth and Premier Banking and Hong Kong segments [3] - Net interest income (NII) increased by $1.1 billion, or 15%, reaching $8.8 billion from the same period last year [3] Group 3: Dividend Information - The Board approved a third interim dividend of $0.10 per share for 2025 and reaffirmed a target dividend payout ratio of 50% for the year, excluding notable items [4] - As of October 29, HSBC offers a dividend yield of 4.66% [4] Group 4: Analyst Ratings - Citigroup raised its price target on HSBC from 1,160 GBp to 1,240 GBp while maintaining a Buy rating on the stock [2]