🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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Bank of America: Reiterating HSBC Holdings' "buy" rating indicating that it still has upside potential
On March 17, BofA Securities said that HSBC Holdings provided business updates while releasing its 2024 fiscal year results. Management expects annual return on tangible equity of approximately 15% between 2025 and 2027, excluding major projects. In addition, HSBC has set targets for FY2025 and the interim period. The bank believes key highlights include double-digit CAGR growth in wealth management fees and other income in the medium term; Approximately $1.8 billion of upfront restructuring costs will be incurred in FY2025-26 and simplification savings of approximately $1.5 billion are expected to be realized by 2027. After HSBC released the re-segmentation data, BofA Securities reiterated its estimate, and the overall estimate remained basically unchanged. The bank is encouraged by this update. While HSBC's current share price is trading at around 1.2x FY2025 forward price-to-book (P/B) is not cheap, the bank still sees upside potential and reiterates its "buy" rating. Earnings per share forecasts for 2025 to 2027 were lowered to $1.39, $1.54 and $1.69 from $1.41, $1.55 and $1.7, respectively, and 2025 dividend forecasts were lowered to $0.67 from $0.68.