RE: Just dabbled a lil bit11 Mar 2024 15:02
Absolutely.
Since Mid Feb earnings announcements, big 5 banks have performed really well - with 1 exception.
HSBC -10%, Lloyds +11%, Barclays +15%, NatWest +10%, Stan Chartered +9%.
IMO HSBC has the best long term prospects, it's dividend also comfortably exceeds that of the others. Even with doubt over the impact of the China property crisis, this has to be due for an uplift soon, it is definitely oversold.
Stan Chart also has significant exposure in China and Lloyds is on the hook for a potential £1bn+ for miss selling car finance yet neither of these has suffered in the way the HSBC share price has.
Still believe it should be trading in £6.70 - £7 range by year end.