HSBC Posts Strong 3Q Result; the Bank Is Undervalued as Profitability Improves
HSBC delivered a solid third-quarter result as operating expenses were kept in check in the quarter. A higher level of operating expense was a key concern last quarter against management guidance for a positive jaws ratio, or operating income growth to outpace operating expense growth for the full year. Positively, the jaws ratio narrowed to negative 1.6% for the nine months from negative 5.6% at the first half. The near-term operational improvement is certainly a positive and we expect this to ...
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.