What's New With HSBC Stock?

1. HSBC shares rose by 33% in 2024, outperforming S&P 500's 22%. Yet, Barclays and JP Morgan did better. 2. Q3 2024 pre-tax profits reached $8.5 billion, up 6% year-over-year. Strong performance in wealth and market segments noted. 3. Interest income fell to $7.6 billion due to lower rates, posing challenges. Reliance on fees and personal banking is increasing. 4. HSBC maintains a $52 price estimate, above current market rates. The stock has been attractive with dividend yields over 4%. 5. Plans for cost-cutting and business reorganization could enhance efficiency. The company's capital return program totals $9 billion.