is expected to report a 59-170% growth in net profit for the first half of 2010.
Estimated net Year-on-year Brokerage profit (US$B) change (%) Rating
Credit Suisse 9.023 +169.6 Outperform Deutsche Bank 7.651 +128.6 Buy Morgan Stanley 6.779 +102.5 Equal-weight UBS 6.011 +79.6 Buy JPMorgan 5.973 +78.5 Overweight Standard Chartered 5.743 +71.6 Outperform BNP Paribas 5.325 +59.1 Buy
BoA-Merrill Lynch 9.375(pre-tax) +79.9 Buy
* Not all brokerage firms have the same base numbers. # HSBC Holdings' net profit for the first half of 2009 was US$3.347 billion, down 56.66% compared to the net profit for the corresponding period in 2008.
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