JPMorgan Says HSBC and Standard Chartered Face Middle East Conflict Risk Exposure

2026-03-12 22:38:56

Investing.com – JPMorgan Chase warned on Thursday that HSBC Holdings (LON:HSBA) and Standard Chartered (LON:STAN) are the European major banks most exposed to Middle East conflict risks, and their profits could face pressure.

The STOXX 600 Banking Index hit a three-month low earlier this week, down nearly 6% since the close on February 27. HSBC Holdings fell more than 6% on Thursday, while Standard Chartered declined over 2.8%.

According to the broker, rising energy costs will impact corporate lending exposure, especially in the agriculture, manufacturing, construction, and transportation sectors.

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