HSBC Lifts 2025 S&P 500 Target to 6,400 on Earnings Strength

HSBC Global Research lifted its 2025 year-end forecast for the S&P 500 index to 6,400 from 5,600, citing stronger-than-expected corporate earnings and a decline in policy uncertainty. The new projection implies further upside for U.S. equities and marks a 14% increase from the bank’s previous estimate. Separately, JPMorgan raised its target price for Standard Chartered after the lender announced a share-buyback programme and posted upgraded earnings-per-share guidance.