On August 1, Goldman Sachs released a research report saying that HSBC Holdings' performance in the second quarter exceeded Goldman Sachs' and market expectations, with lower provisions than expected and a pre-tax profit standard higher than Goldman Sachs' and the market's general expectations by 15% and 17%, respectively. The pre-provision operating profit is also 8% higher. HSBC's net interest income from its banking business is expected to be around $43 billion in 2024, and the average tangible return on equity is expected to be around 15% in 2024 and 2025. Considering the bank's reduced sensitivity to interest rate changes, Goldman Sachs also raised its forecast for the net interest income of the bank's business from 2025 to 2026 by 3% to $42 billion and $42 billion, respectively, while maintaining this year's forecast at $43.3 billion. Goldman Sachs also adjusted its income forecast for HSBC from 2024 to 2026 to $65.8 billion, $64.9 billion and $65.3 billion, respectively. The estimated average tangible return on equity will gradually decrease to 15%, 14% and 13%, consistent with HSBC's guidance. Overall, Goldman Sachs raised its earnings forecast per share for HSBC from 2024 to 2028 by 1%, 8%, 6%, 6%, and 7%, and raised the target price from HKD 81 to HKD 84, maintaining a "buy" rating.