HSBC Holdings senior executives stated that the bank's market value target of over £300 billion is "absolutely within reach."
HSBC Holdings (00005.HK) saw its market capitalization surpass £200 billion for the first time a few weeks ago. Michael Roberts, Executive Director and Head of Corporate and Institutional Banking at HSBC, stated in an interview with Bloomberg that the bank is moving towards a target market capitalization of over £300 billion, and he believes this goal is absolutely within reach. He indicated that the bank believes its valuation should be higher in terms of profitability.
HSBC closed at 1,238.8 pence in London yesterday (19th), with a current market capitalization of approximately £210 billion, far exceeding its European peers such as Banco Santander, UBS, and BNP Paribas, making it the highest-valued financial stock in Europe
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