Citibank: HSBC Holdings (00005.HK) had mixed results in the second quarter, with buyback scale lower than expected.

According to the Zhitong Finance APP, Citibank has released a research report stating that HSBC Holdings (00005.HK) had mixed performance in the second quarter. Its revenue, driven by wealth management, slightly exceeded expectations, and net interest income guidance has been raised. However, the scale of the buyback fell short of expectations, and there are concerns about the cost guidance. The bank maintains a "buy" rating with a target price of HKD 171.8.