HSBC: Q2 2024 Earnings Preview, Investment Case Remains Geared To Income
HSBCHSBC HOLDINGS(HSBC) Seeking Alpha·2024-07-13 01:28

William Barton HSBC Holdings plc (NYSE:HSBC) is expected to report relatively weak earnings in Q2 2024 at the end of the month. Potential rate cuts ahead are negative for its revenue and earnings growth ahead, but its dividend yield is quite high and sustainable over the long term. HSBC is a bank that I've covered several times in the past, and Í was positive about its business prospects and share price from 2022 to mid-2023. However, in my last article on HSBC, I downgraded my recommendation to "Hold," as ...