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HBCYF - HSBC: Downgrading Our View Due To Inflationary Pressures
February, 15 2022 09:12 PM
HSBC Holdings Plc
The shares have performed well since our August 2021 review, and we are downgrading our view from buy to hold. Consensus forecasts look too positive given the lack of loan book growth and escalating challenges over a persistent inflationary environment. The current dividend yield of 5.6% is not unattractive, but at this level we believe the shares are a hold. For further details see:
HSBC: Downgrading Our View Due To Inflationary Pressures
Stock Information
Company Name:
HSBC Holdings Plc
Stock Symbol:
HBCYF
Market:
OTC
Website:
hsbc.com
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