Benjamin Toms, analyst at broker RBC Capital Markets, told clients today: "Following strong performance in 2023, we think the bank's earnings momentum has come to an end." Meanwhile, despite comments today from Mr Elhedery that "the big challenges are behind us" in Hong Kong and C...
is to improve returns to over six percent by 2020. HSBC's underperformance in the U.S, where it is a relative minnow in contrast to its strong position in Europe and Asia, is partly a legacy of its disastrous foray into subprime lending in the ...