HSBC Up after ratings upgrade
April 13, 2015 9:47 amVideo
Latest News
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
- Overview of the EUR/USD pair. April 16th. In plain text: The ECB will cut rates in June April 16, 2024
- Forecast for EUR/USD on April 16, 2024 April 16, 2024
- Forecast for GBP/USD on April 16, 2024 April 16, 2024
- Forecast for AUD/USD on April 16, 2024 April 16, 2024
- Outlook for GBP/USD on April 16. Pound awaits inflation data April 16, 2024
- Outlook for EUR/USD on April 16. Another boring Monday April 16, 2024
- The euro hardly has a chance to rise April 16, 2024
- Trading Signals for GOLD (XAU/USD) for April 15-17, 2024: buy above $2,328 (200 EMA – 5/8 Murray) April 15, 2024
- Video market update for April 15, 2024 April 15, 2024
- Trading Signals for GBP/USD for April 15-17, 2024: buy above 1.2450 (21 SMA – 0/8 Murray) April 15, 2024
- The dollar has not reached its potential April 15, 2024
- Analysis of GBP/USD. April 15th. Retail sales in the USA allow the dollar to continue rising April 15, 2024
- China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024
- Technical Analysis – Goldman Sachs stock gains on strong earnings April 15, 2024
- Trading Signals for ETH/USD (Ethereum) for April 15-17, 2024: buy above $3,125 (200 EMA – 2/8 Murray) April 15, 2024
- Analysis for EUR/USD on April 15th. Monday – a tough day for the euro April 15, 2024
- GBP/USD: trading plan for the US session on April 15th (analysis of morning deals) April 15, 2024
Morgan Stanley this morning upgraded HSBC (HSBA.L) to EQUALWEIGHT from UNDERWEIGHT citing share price underperformance.
The broker says that HSBC (HSBA.L) has underperformed the STOXX600 banking index by around 17% this year so far and says compared to its european peers the group looks an appealing investment at current values and a strong dividend yield of 6% should attractive to investors and appears to be sustainable in the long term and also highlighted potential US rate hikes as a benefit to HSBC (HSBA.L).
“With Brazil, Mexico, US and Turkey being worked on over the next 12-24 months, we expect either a recovery in returns or more radical solutions, for example, disposals/exits for these units.
With around $400bn of surplus deposits, an extra 1% yield on this float could add around $4bn to net interest income,or around 6% of 2014 revenues or around 18% of 2014 pretax profit, though the impact on asset quality could offset to a degree.”
Morgan Stanley maintained a current target price of 600p on the shares.