Market's view on HSBC Holdings
Published on April 2024
- Stock watchers highlight that HSBC’s share price has surged to a new high this year, fuelling optimism for further growth.
- There is mention of HSBC agreeing to sell its business in Argentina to Grupo Financiero Galicia for US$550m, with a US$1.0bn pre-tax loss on disposal expected in the first quarter of 2024.
- Discussions include expectations of lower earnings for Lloyds, HSBC, Barclays, and NatWest this year due to looming interest rate drops.
- Dividend payments and reinvestments are a recurring topic, with specific reference to HSBC’s upcoming special dividend and regular dividend schedule.
- Stock watchers express concerns about potential negative impacts on bank stocks from upcoming earnings reports, despite long-term confidence.
- UBS has given HSBC a “Neutral” recommendation with a 630p price target, influenced by interest rate predictions and revenue outlook uncertainties, particularly regarding China.
- There are favourable comments about ii (Interactive Investor) as a choice for managing investments, particularly for their efficiency in crediting dividends.