0812 GMT - HSBC's and Standard Chartered's resilient shareholder returns could provide support to share performance after the pullback triggered by U.S. President Trump's tariffs, China's response, and fears of a global recession, JPMorgan says in a research note. Analysts calculate an around 300 basis point downside to 2025 return on tangible equity estimates for both banks if fears were to materialize, leading to rate cuts, lower transactional banking revenue, and higher credit costs. HSBC and StanChart are more vulnerable to a global recession scenario than local Hong Kong or China peers, JPM says. HSBC shares in London edge down 0.6%, while StanChart's slip 0.9%, extending losses for a fourth session. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 04:12 ET (08:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.