HSBC Holdings PLC

HSBA: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 584.00	Mtvh	Zhvlbckky

HSBC Earnings: Good Results and $3 Billion Additional Buyback but No Major Surprises

Lorraine Tan

Jul 31, 2024

We maintain our fair value estimates of GBX 872 and HKD 84.8 per share ($54.5 per ADR) for HSBC Holdings, more than 20% above current prices and around 0.83 times 2024 book value.

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