HSBC pays Dividends in Dollars15 Aug 2016 11:32
JP Morgan talking about the likes of HSBC fellow HSBC Investors shes is defensive stock :-)
Big rewards here holding HSBC shares over the next 12 to 18 Months IMHO
**************************************************************************************************
JP Morgan has kept its "overweight" recommendation on UK shares, arguing that relatively high dividend yields, the weakness of sterling and the possibility of further interest rate cuts should the market buoyant.
JP Morgan equity strategist Mislav Matejka said in a note: "UK is a defensive market with the highest dividend yield out of main regions, at 3.9%. UK 10-year yields have fallen almost 150 basis points year-to-date, and [the Bank of England] is likely to cut further."
A slump in sterling after June's Brexit vote would also help FTSE 100's exporters, he added.
******************************************************************************************************************