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Seeking Alpha13:54 ET

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Seeking Alpha13:38 ET

Bank of America Announces 2026 Financial Reporting Dates

Bank of AmericaMay 7 08:00 ET

Bank of America Securities: Raised the Target Price of Agricultural Bank Of China to 5.2 HKD and reiterated the 'Buy' rating.

Merrill Lynch released a Research Report stating that Agricultural Bank Of China (01288) had a Net income growth of 2.2% year-on-year in the first quarter, while core earnings fell by 0.3% year-on-year. The CET1 ratio decreased by 19 basis points quarter-on-quarter to 11.2%. In the first quarter, ROE dropped by 0.7 percentage points year-on-year to 10.3%. The bank indicated that with the clarity on state-owned bank capital injections and the potential peak in trade tensions, it raised the Target Price for Agricultural Bank from HKD 4.93 to HKD 5.2 and reiterated a 'Buy' rating, being Bullish on its growth leading the industry.

Sina Hong Kong StocksMay 7 05:26 ET

Merrill Lynch: Lowers the Target Price for Peking Autos to HKD 1.8, reiterating the "underperform" rating.

Merrill Lynch Securities released a Research Report stating that based on the performance of Peking Automotive (01958) in the first quarter of this year, it estimates that the net profit attributable to the 51% stake in Beijing Benz has dropped by 17% year-on-year and sales have fallen by 9%, mainly due to increased discounts under intense competition. The bank has revised down its gross margin forecasts for the group from 2025 to 2027 by 0.3, 0.3, and 0.5 percentage points respectively, to reflect the expansion of discounts by Beijing Benz and BAIC's own brands, and has raised its profit forecasts for the respective years within the period by 14%, 8%, and lowered by 9%. With the projected price-to-book ratio adjusted to 0.22 times, the bank has lowered its Target Price from 2 HKD to 1.8 HKD.

Sina Hong Kong StocksMay 7 04:09 ET