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HSBC Holdings plc

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Shares of HSBC on NYSE have outperformed the industry in the last six months. Continued success of its cost saving efforts should improve the bank’s operating efficiency and support profitability. While dismal European economic growth and weak loan demand are expected to lead to muted revenue growth in the near-term, the company will likely benefit from its extensive global network and a solid asset growth. The announcement of $2 billion share repurchase plan reflects its strong capital position and boosts investors’ confidence in the stock. Further, the bank aims to identify and remove “low-return” RWAs going forward as well.

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