Erste Group Bank raises HSBC earnings estimates; Royal Bank of Canada increases stake
1 report, 1 independent
Updated 00:00
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What happened
Erste Group Bank raised its full-year 2027 earnings per share estimate for HSBC to $9.55, increasing it from a previous estimate of $9.50. Separately, Royal Bank of Canada increased its holdings in HSBC.
From tickerreport.com
Why it matters
The upgrade by Erste Group Bank suggests a positive outlook on HSBC's financial services performance. The increased investment by Royal Bank of Canada indicates confidence in the bank's market position.
From tickerreport.com
Who's involved
- HSBCBritish multinational bank whose earnings estimates were raised and holdings increased.
- Royal Bank of CanadaFinancial institution that increased its investment in HSBC.
Keep exploring
The entities involved
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HSBC
British multinational bank
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Royal Bank of Canada
financial institution in Canada
- Financial institutions made various moves on June 18, 2026, including TD Cowen lowering its price objective, Citigroup raising its target, and Royal Bank of Canada increasing its target price. Separately, Man Group reduced its stock holdings.
- Royal Bank of Canada increased its holdings in the iShares MSCI United Kingdom ETF on June 30, 2026.
Related events
- Royal Bank of Canada raised holdings in the JPMorgan BetaBuilders U.S. Mid Cap Equity ETF.
- Royal Bank of Canada raised its shares rating for Lsb Industries on September 21, 2026.
- Royal Bank of Canada increased its holdings in the iShares MSCI Hong Kong ETF.
- Royal Bank of Canada, DGS Capital Management, and PNC Financial Services Group increased their holdings in a company stock, with MarketBeat providing consensus ratings.
- Royal Bank of Canada increased its stake in an ETF, leading to disclosure of fund purchases to the SEC.