Goldman Sachs published a report predicting that Standard Chartered's basic pre-tax profit for the first quarter will drop 6% year-on-year to US$1.6 billion, and revenue will rise 7% year-on-year to US$4.63 billion. Among these, net interest income and non-interest income will increase by 3% and 7% year-on-year, respectively, to US$2.42 billion and US$2.21 billion, respectively. The bank is expected to see strong unit and double-digit growth in standard chartered financial markets and wealth management revenues, respectively. The bank also expects Standard Chartered's core capital to be generated at 30 to 40 basis points per quarter, partially offset by increased risk-weighted assets. It is expected that the common equity Tier 1 capital ratio will be 14% as of the first quarter, which is the upper limit of management's target. The bank adjusted its earnings forecast for Standard Chartered's earnings per share from this year to 2028 by 2% to 1% to reflect the latest changes in interbank interest rates and business trends in Hong Kong, and maintain the target price of HK$86 and the purchase rating.