<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg"/></p>
<p>汇丰（LON: HSBA）股价连续两周上涨，投资者关注央行行动和新管理层。该股在伦敦交易时报价为 665 便士，今年上涨超过 16%，比 2020 年最低点上涨近 200%。</p>
<h2>银行转型中</h2>
<p>汇丰的股价表现与其他欧洲银行如联合信贷、劳埃德银行和巴克莱等的强劲涨势相吻合。</p>
<p>这些银行表现良好，因为关键市场利率相对较高，经济强劲。</p>
<p>值得注意的是，汇丰和其他银行一直致力于通过股息和股票回购来提高股东回报。</p>
<p>汇丰表现出色，因为其长期的转型战略使其退出了一些表现不佳的市场。</p>
<p>该公司在与美国银行、花旗集团和摩根大通等竞争对手竞争激烈后，将其美国零售业务出售给了市民银行。它还以 99.6 亿美元的价格将其加拿大业务出售给了加拿大皇家银行。</p>
<p>汇丰还出售了其法国零售银行业务，最近退出了经济状况不佳的阿根廷。</p>
<p>这些出售使汇丰成为一个规模较小、更精简的公司。在大多数时期，当公司出售其国际业务和通常增长缓慢的实体时，公司表现良好。</p>
<p>汇丰采取这些措施是为了专注于英国和中国市场。在中国，该公司希望通过成为瑞士银行的强大竞争对手，在零售和财富管理领域成为更大的参与者。</p>
<p>作为世界第二大经济体，中国是该公司的重点，因为富人数量众多。然而，挑战在于中国经济放缓，为大多数人带来财富的房地产市场已经崩溃。</p>
<h2>进一步的转型措施</h2>
<p>随着新任 CEO 乔治·埃尔赫德里继续进行转型工作，利率开始下降，汇丰将受到关注。事实上，汇丰在美联储和香港金管局降低基准利率后削减了香港利率。</p>
<p>据彭博社报道，埃尔赫德里希望通过消除公司内部重叠职位来继续削减成本。</p>
<p>作为这些努力的一部分，他将全球银行和市场业务与商业银行合并，并裁减一些高级和初级职位。这些业务面向大型机构，还包括其交易和投资银行部门。</p>
<p>如果这种合并发生，它将成为公司的支柱业务，每年带来超过 400 亿美元的收入。它将比其财富管理和个人银行部门规模更大。</p>
<p>目前尚不清楚这种合并是否会发生，因为过去试图这样做的努力在高管中遇到了强烈的阻力。反对合并这些部门的论点是，这将在长期内具有高度破坏性和昂贵性。</p>
<p>然而，支持者引用了几年前将这些部门合并的成功案例，例如杰米·戴蒙。如今，摩根大通已成为美国最大的银行，并且仍在增长。</p>
<p>新任 CEO 还希望在其净利息收入预计开始下降的时候降低成本。</p>
<p>汇丰加入了其他正在实施这些转型措施的大型银行。作为一家美国大公司，花旗银行也在经过多年表现不佳后努力改变其业务。</p>
<h2>汇丰财报</h2>
<p>最近的财务结果显示该公司表现良好。上半年，其营收增长 1%，达到 373 亿美元，税前利润稳定在 216 亿美元。</p>
<p>该公司还宣布已完成 50 亿美元的股票回购计划，这意味着自 2022 年以来已回购价值 120 亿美元的股票，自 2019 年以来已回购超过 540 亿美元。然后宣布了新的 18 亿美元股息和高达 30 亿美元的股票回购计划。</p>
<p>汇丰仍然是一家被低估的银行，因为其交易价格低于账面价值。其市净率为 0.97，低于行业平均值 1.29。它还有一个市盈率为 7.62，低于行业平均值 7.62。</p>
<p>该公司还有 6.95% 的股息收益率，这将使其在利率开始下降时成为一个有吸引力的收入投资。</p>
<h2>汇丰股价分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png"/></p>
<p>周线图显示，汇丰股价在 2020 年触底 223.20 便士，今年上涨至 715 便士的高点。它形成了一个蓝色显示的上升通道。</p>
<p>股价形成了一个蓝色显示的上升通道。此外，它保持在 50 周和 100 周指数移动平均线之上。</p>
<p>它已经突破了上升通道图案的下侧。因此，股价可能会继续上涨，多头将目标锁定在 715.6 便士的年内高点，距离当前水平约 7.41%。</p>
<p>文章《汇丰股价从 2020 年低点上涨 200%；还会有更多上涨吗？》首次出现在 Invezz</p>

汇丰

汇丰控股

汇丰控股有限公司

<p>汇丰银行的股价自 2020 年低点以来已经飙升近 200%，目前交易于 665 便士，今年涨幅达到 16%。该银行的转型战略，包括退出表现不佳的市场，专注于英国和中国业务，为其成功做出了贡献。新任 CEO 乔治·埃尔赫德里旨在继续削减成本措施，并有可能合并部门以增强盈利能力。最近的财务结果显示稳定的利润，并完成了股份回购计划，同时宣布了新的股息和回购计划。汇丰仍然被低估，其市净率为 0.97，股息率为 6.95%</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg"/></p>
<p>HSBC (LON: HSBA) share price has risen for two consecutive weeks as investors focus on the actions by central banks and the new management. The stock was trading at 665p in London, up by over 16% this year and by almost 200% from the lowest point in 2020.</p>
<div class="lb-trans"><p>汇丰（LON: HSBA）股价连续两周上涨，投资者关注央行行动和新管理层。该股在伦敦交易时报价为 665 便士，今年上涨超过 16%，比 2020 年最低点上涨近 200%。</p>
</div><h2>Bank in a turnaround</h2>
<div class="lb-trans"><h2>银行转型中</h2>
</div><p>HSBC’s stock performance has coincided with the robust gains made by other European banks like Unicredit, Lloyds, and Barclays.</p>
<div class="lb-trans"><p>汇丰的股价表现与其他欧洲银行如联合信贷、劳埃德银行和巴克莱等的强劲涨势相吻合。</p>
</div><p>These banks have done well because of the relatively high interest rates in key markets and the robust economy.</p>
<div class="lb-trans"><p>这些银行表现良好，因为关键市场利率相对较高，经济强劲。</p>
</div><p>Most notably, HSBC and other banks have focused on boosting shareholder returns through dividends and share buybacks.</p>
<div class="lb-trans"><p>值得注意的是，汇丰和其他银行一直致力于通过股息和股票回购来提高股东回报。</p>
</div><p>HSBC has done well because of its prolonged turnaround strategy that has seen it exit some of its lagging markets.</p>
<div class="lb-trans"><p>汇丰表现出色，因为其长期的转型战略使其退出了一些表现不佳的市场。</p>
</div><p>The company sold its US retail business to Citizens Bank after struggling to compete with the likes of Bank of America, Citigroup, and JP Morgan. It also sold its Canadian operations to Royal Bank of Canada in a $9.96 billion deal.</p>
<div class="lb-trans"><p>该公司在与美国银行、花旗集团和摩根大通等竞争对手竞争激烈后，将其美国零售业务出售给了市民银行。它还以 99.6 亿美元的价格将其加拿大业务出售给了加拿大皇家银行。</p>
</div><p>HSBC also sold its retail banking operation in France, and most recently, it exited Argentina, a country whose economy is not doing well.</p>
<div class="lb-trans"><p>汇丰还出售了其法国零售银行业务，最近退出了经济状况不佳的阿根廷。</p>
</div><p>These sales have made HSBC a smaller and more streamlined company. In most periods, companies do well when they sell their international and often low-growth entities.</p>
<div class="lb-trans"><p>这些出售使汇丰成为一个规模较小、更精简的公司。在大多数时期，当公司出售其国际业务和通常增长缓慢的实体时，公司表现良好。</p>
</div><p>HSBC has done these measures so that it can focus on its UK and Chinese markets. In China, the company is hoping to become a bigger player in both retail and wealth management, by being a formidable competitor to UBS.</p>
<div class="lb-trans"><p>汇丰采取这些措施是为了专注于英国和中国市场。在中国，该公司希望通过成为瑞士银行的强大竞争对手，在零售和财富管理领域成为更大的参与者。</p>
</div><p>China, the second-biggest economy in the world, is a big priority for the company because of the number of rich people. The challenge, however, is that the Chinese economy is slowing, and the property market that provided wealth to most people has imploded.</p>
<div class="lb-trans"><p>作为世界第二大经济体，中国是该公司的重点，因为富人数量众多。然而，挑战在于中国经济放缓，为大多数人带来财富的房地产市场已经崩溃。</p>
</div><h2>More turnaround measures to continue</h2>
<div class="lb-trans"><h2>进一步的转型措施</h2>
</div><p>HSBC will be in the spotlight as Georges Elhedery, the new CEO continues with the turnaround effort as interest rates start falling. In fact, HSBC slashed rates in Hong Kong after the Fed and HKMA slashed their benchmarks.</p>
<div class="lb-trans"><p>随着新任 CEO 乔治·埃尔赫德里继续进行转型工作，利率开始下降，汇丰将受到关注。事实上，汇丰在美联储和香港金管局降低基准利率后削减了香港利率。</p>
</div><p>According to Bloomberg, Elhedery wants to continue with cost cuts by eliminating overlapping roles across the firm.</p>
<div class="lb-trans"><p>据彭博社报道，埃尔赫德里希望通过消除公司内部重叠职位来继续削减成本。</p>
</div><p>As part of these efforts, he will merge its global banking and markets businesses with the commercial banking and eliminate some senior and junior roles. These businesses cater to large institutions and also its trading and investment banking division.</p>
<div class="lb-trans"><p>作为这些努力的一部分，他将全球银行和市场业务与商业银行合并，并裁减一些高级和初级职位。这些业务面向大型机构，还包括其交易和投资银行部门。</p>
</div><p>If this merging happens, it will become the firm’s anchor business, bringing in over $40 billion a year. It will be much bigger than its wealth management and personal banking division.</p>
<div class="lb-trans"><p>如果这种合并发生，它将成为公司的支柱业务，每年带来超过 400 亿美元的收入。它将比其财富管理和个人银行部门规模更大。</p>
</div><p>It is still not clear whether this merger will happen since past efforts to do so have found strong resistance among executives. The argument against merging these divisions is that it would be highly disruptive and expensive in the long term.</p>
<div class="lb-trans"><p>目前尚不清楚这种合并是否会发生，因为过去试图这样做的努力在高管中遇到了强烈的阻力。反对合并这些部门的论点是，这将在长期内具有高度破坏性和昂贵性。</p>
</div><p>However, proponents cite the success of Jamie Dimon, who combined these divisions a few years ago. Today, JPMorgan has become the biggest bank in the US and is still growing.</p>
<div class="lb-trans"><p>然而，支持者引用了几年前将这些部门合并的成功案例，例如杰米·戴蒙。如今，摩根大通已成为美国最大的银行，并且仍在增长。</p>
</div><p>The new CEO also wants to reduce costs at a time when its net interest income is expected to start falling.</p>
<div class="lb-trans"><p>新任 CEO 还希望在其净利息收入预计开始下降的时候降低成本。</p>
</div><p>HSBC joins other large banks that are implementing these turnaround measures. Citigroup, a large American company, is also working to change its business after years of underperformance.</p>
<div class="lb-trans"><p>汇丰加入了其他正在实施这些转型措施的大型银行。作为一家美国大公司，花旗银行也在经过多年表现不佳后努力改变其业务。</p>
</div><h2>HSBC earnings statement</h2>
<div class="lb-trans"><h2>汇丰财报</h2>
</div><p>The most recent financial results showed that the company was doing well. Its revenue rose by 1% to over $37.3 billion while its profit before tax held stable at $21.6 billion in the first half of the year.</p>
<div class="lb-trans"><p>最近的财务结果显示该公司表现良好。上半年，其营收增长 1%，达到 373 亿美元，税前利润稳定在 216 亿美元。</p>
</div><p>The company also announced that it had completed its $5 billion share repurchase program, meaning that it has repurchased shares worth $12 billion since 2022 and over $54 billion since 2019. It then announced a new $1.8 billion dividend and up to $3 billion share buyback plan.</p>
<div class="lb-trans"><p>该公司还宣布已完成 50 亿美元的股票回购计划，这意味着自 2022 年以来已回购价值 120 亿美元的股票，自 2019 年以来已回购超过 540 亿美元。然后宣布了新的 18 亿美元股息和高达 30 亿美元的股票回购计划。</p>
</div><p>HSBC is still an undervalued bank as it trades below book value. Its price-to-book ratio stands at 0.97, lower than the industry average of 1.29. It also has a price-to-earnings ratio of 7.62, lower than the industry average of 7.62.</p>
<div class="lb-trans"><p>汇丰仍然是一家被低估的银行，因为其交易价格低于账面价值。其市净率为 0.97，低于行业平均值 1.29。它还有一个市盈率为 7.62，低于行业平均值 7.62。</p>
</div><p>The company also has a dividend yield of 6.95%, which will make it an attractive income play when rates start falling.</p>
<div class="lb-trans"><p>该公司还有 6.95% 的股息收益率，这将使其在利率开始下降时成为一个有吸引力的收入投资。</p>
</div><h2>HSBC share price analysis</h2>
<div class="lb-trans"><h2>汇丰股价分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png"/></p>
<p>The weekly chart shows that the HSBA stock price bottomed at 223.20p in 2020 and has rose to a high of 715p this year. It has formed an ascending channel shown in blue.</p>
<div class="lb-trans"><p>周线图显示，汇丰股价在 2020 年触底 223.20 便士，今年上涨至 715 便士的高点。它形成了一个蓝色显示的上升通道。</p>
</div><p>The stock has formed an ascending channel shown in blue. Also, it has remained above the 50-week and 100-week Exponential Moving Averages (EMA).</p>
<div class="lb-trans"><p>股价形成了一个蓝色显示的上升通道。此外，它保持在 50 周和 100 周指数移动平均线之上。</p>
</div><p>It has moved above the lower side of the lower side of the ascending channel pattern. Therefore, the stock will likely continue rising as bulls target the year-to-date high of 715.6p, which is about 7.41% from the current level.</p>
<div class="lb-trans"><p>它已经突破了上升通道图案的下侧。因此，股价可能会继续上涨，多头将目标锁定在 715.6 便士的年内高点，距离当前水平约 7.41%。</p>
</div><p>The post HSBC share price is up 200% from 2020 lows; more upside? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《汇丰股价从 2020 年低点上涨 200%；还会有更多上涨吗？》首次出现在 Invezz</p>
</div>

HSBC share price is up 200% from 2020 lows; more upside?

- HSBC 股价上涨，投资者关注中央银行行动及新管理层。  
- 公司通过出售低增长市场，专注于英国和中国市场。  
- 最新财报显示收入增长，股东回报计划持续。

汇丰股价自 2020 年低点已上涨 200%；是否还有进一步上涨的空间？