The headquarters of HSBC in Central, Hong Kong. Photo: Sam Tsang
HSBC, Bank of China at multi-month highs show fund managers love banking stocks as margins, dividends add to gloss
- HSBC and peers are rallying as money managers waste no time in picking up banking stocks on outlook for wider lending margins and dividend yields
- JPMorgan sees higher dividend payouts from HSBC in the coming years as margins improve along with stock buy-back programme
The headquarters of HSBC in Central, Hong Kong. Photo: Sam Tsang