Vi använder en mängd olika cookies för att du ska få den bästa användarupplevelsen. Genom kontinuerlig användning av denna webbplats godkänner du vår användning av cookies. Du kan läsa mer om vår policy för cookies och redigera dina inställningar här eller genom att följa länken längst ner på alla sidor på vår webbplats.
HSBC is currently trading at £6.40. The stock is up 7.5% since it revealed a 20% decline in first-quarter profits in May, which also came in below analysts’ estimates. HSBC was given a boost when RBS and Barclays’s latest announcements impressed traders. It’s worth keeping in mind that HSBC is more Asian-focused and is less dependent on investment banking for revenues.
For the first three months of the year, income from the investment bank unit declined 4% while profits declined by 30% in its Asian business. Equity analysts are moderately bullish on HSBC. Buy recommendations are offered by 46%, holds by 40% and sell by 13%, while the breakdown for Standard Chartered is 45% buys, 35% holds and 19% sells. Standard Chartered, like HSBC, has yet to report its first-half figures and is focused on emerging markets.
Year-to-date, HSBC is down 3% while the UK banking sector is off 5.3%. The stock has bounced off £5.90 on a number of occasions in the past three months, and strong figures could put the share price on a path to £6.83.