Investment thesis
Most publicly-listed companies have announced their second quarter 2020 results, and despite a consensus that results would be worse for the second quarter than what we saw in the first quarter of the year, financials generally delivered quite good results.
As financials are one of the largest components in my portfolio, only beaten by real estate, this fact has delivered some comfort in an otherwise very tumultuous time.
Therefore, I was eager to see how HSBC Holdings (HSBC) would perform as they have had to deal with not only the problems