HSBC CEO expects stock price to rise over 50% "A market value of £300 billion is just around the corner" warns that turmoil in Greenland poses challenges

HSBC (005) has seen its market value surpass £200 billion for the first time. A few weeks later, its Chief Executive Officer of Global Banking and Markets, Michael Roberts, attended the World Economic Forum in Davos and stated in an interview with Bloomberg that HSBC is aiming for a market value exceeding £300 billion (approximately HKD 3.14 trillion); regarding the application of AI, he believes it will not lead to significant layoffs within the group. Roberts pointed out that despite ongoing geopolitical crises, HSBC is likely to further strengthen, with the stock price having the potential to rise more than 50% from current levels, and the current stock price is already close to historical highs. He said, "Reaching £300 billion is absolutely within reach," and believes "HSBC should have a higher valuation given its profitability." Claims AI Will Not Lead to Major Layoffs Over the past year, HSBC has undergone a major global business restructuring, cutting thousands of jobs, merging or closing certain business lines, and selling off other businesses. This is part of a strategy led by Group CEO Noel Quinn to simplify the group's structure and reduce costs. Roberts stated that the restructuring is largely complete, and they are now seeking ways to drive growth. He also warned that the geopolitical turmoil triggered by U.S. President Trump's demand to control Greenland will pose severe challenges. HSBC is exploring how to integrate artificial intelligence (AI) with new technologies such as digital assets into its operations. He believes that AI will not lead to large-scale layoffs at HSBC; rather, it will enhance employee productivity. He is looking forward to leveraging this new technology to allow bankers to save time spent on administrative tasks, as currently, they spend more time on administration than meeting with clients, and AI is expected to help rebalance this. Related articles: HSBC remains optimistic about Hong Kong stocks, expects a large influx of "northbound capital" and reiterates that the U.S. will not cut interest rates this year. HSBC is reportedly exploring the sale of its insurance business in Singapore, with a valuation potentially reaching £7.8 billion