The second quarter results were not that impressive in our view. However, the management’s upgraded RoTE objective signals a strong profitability improvement ahead, driven by rising yields.
01 Aug 2022
Upgraded RoTE objective
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Upgraded RoTE objective
HSBC Holdings Plc (HSBA:LON) | 663 -27.2 (-0.6%) | Mkt Cap: 125,200m
- Published:
01 Aug 2022 -
Author:
David Grinsztajn -
Pages:
2
The second quarter results were not that impressive in our view. However, the management’s upgraded RoTE objective signals a strong profitability improvement ahead, driven by rising yields.