HSBC Holdings PLC
00005: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|<> | LOCK|gh>Pr | LOCK|s@x@bN |
HSBC Earnings: Modest Uplift to Guidance; Wealth Momentum Remains Supportive of Long-Term Growth
HSBC's second-quarter pretax profit, excluding notable items, rose 13% year on year, supported by stronger banking net interest income and wealth fee income. Annualized return on tangible equity reached 19.5%. HSBC also announced a USD 1 billion share buyback.
