HSBC Reports Mixed Results; Continued Cost Reductions Remain Surest Near-Term Lever
HSBC reported mixed fourth-quarter results, in our view, but we plan to largely maintain our forecasts while our $40/GBX 610/HKD $62 fair value estimates might modestly change due to recent currency moves. However, HSBC remains one of the most exposed large global banks to changes in interest rates, given its lending base, and it estimates that annual net interest income could increase $6.8 billion or 24%, assuming a 25-basis-point shift in yield curves at the beginning of each quarter. The expo...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.