The group posted a strong set of quarterly results, in line with the consensus’ full-year guidance. However, the management’s updated guidance stands below the consensus expectations, driven by the USD appreciation and, above all, cost inflation and a higher cost of risk.
25 Oct 2022
Downgraded 2023 guidance
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Downgraded 2023 guidance
HSBC Holdings Plc (HSBA:LON) | 619 24.8 0.7% | Mkt Cap: 117,557m
- Published:
25 Oct 2022 -
Author:
David Grinsztajn -
Pages:
2
The group posted a strong set of quarterly results, in line with the consensus’ full-year guidance. However, the management’s updated guidance stands below the consensus expectations, driven by the USD appreciation and, above all, cost inflation and a higher cost of risk.