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home / news releases / RY:CC - HSBC: Q2 2024 Earnings Preview Investment Case Remains Geared To Income

RY:CC - HSBC: Q2 2024 Earnings Preview Investment Case Remains Geared To Income

Royal Bank of Canada

2024-07-12 13:28:59 ET

Summary

  • HSBC Holdings plc is expected to report weak Q2 2024 earnings, with potential rate cuts ahead impacting revenue and earnings growth.
  • Despite underperforming the market, HSBC Holdings' dividend yield remains high and sustainable for long-term investors.
  • As interest rates peak, HSBC's profitability may decline, but its capital position and attractive dividend yield offer value for income-focused investors.

HSBC Holdings plc ( HSBC ) is expected to report relatively weak earnings in Q2 2024 at the end of the month. Potential rate cuts ahead are negative for its revenue and earnings growth ahead, but its dividend yield is quite high and sustainable over the long term....

For further details see:

HSBC: Q2 2024 Earnings Preview, Investment Case Remains Geared To Income
Stock Information
Company Name: Royal Bank of Canada
Stock Symbol: RY:CC
Market: TSXC
Website: rbc.com
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