杰富瑞：汇丰强劲的财季表现支撑了新的业绩预期

Group 1 - Jefferies reported that HSBC's quarterly performance exceeded expectations due to strong net interest income and wealth management business [1] - HSBC's management is confident in predicting that net interest income will reach at least $45 billion by 2026, which is $1.5 billion higher than previous expectations [1] - The annual cost expectation implies a cost base of $33.8 billion, which is better than anticipated [1] Group 2 - Analysts noted that the strong performance and structural hedging provide visibility for HSBC's earnings [1] - There is a potential for single-digit upside relative to market average expectations [1] - Investors are likely to explore a 1% increase in costs considering competitive environment and necessary AI investments [1]