Time for some snark ... looks like the might get rid of a few fax and telex machines. Telex and fax operators will be redeployed and turned into wealth managers.
Time for some snark ... looks like the might get rid of a few fax and telex machines. Telex and fax operators will be redeployed and turned into wealth managers.
Something something? That's totally code for fax and telex machines.
Typical HSBC...
HSBC London Shr Sinks 2.2%, with Last Price 1.2% Below HK's Closing Price
https://www.aastocks.com/share/news/...7796/?lang=Eng
The pivot to Asia strategy is great if it's under the premise of mutual co-existence between the West and China... would be horrible if a China hawk starts leading the US/UK government. The short term strategy is good and makes sense but long term strat is really up in the air. But no matter what happens I am quite sure HSBC's relevance will not fade away.
HSBC can use the boost upwards. They fell hard last year.
Also good news for that ex taxi driver, who is living of dividends. Although I do hope HSBC is not his only source of dividend income.
If you were looking into other banks for income: , Hang Seng HKG:0011 paid less dividend over 2020 than they did in 2019. Pitty because they kept increasing their dividend payouts for 10 years.
Other banks, worth looking into for growing dividends might be Dah Sing HKG:0440 and HKG:2356. (Note: their 2020 Annual Reports are not in yet. )