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HSBC at 641p – an encouraging outlook.

By Robert Sutherland Smith | Friday 8 August 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


One of the great strengths of HSBC (HSBA) has always seemed to me the nature and depth of a well rooted banking culture which goes back to beyond the banking crisis that emerged and the end of the first decade of this century. It grew, I have always supposed, out of a conservative  management style years ago, which watched capital ratios in a way that was necessary when your operations were on the other side of the world and your operating offices were not somewhere in the City of London. 


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