When I last wrote on HSBC (NYSE:HBC)
about 18 months ago, I was positive on this global banking giant. In
the intervening period the shares are up about 30% (excluding a pretty
solid dividend), making that a pretty solid call. Although HSBC's second
quarter/first half results were not perfect by any means, this isn't a
bank that runs itself on a quarter-by-quarter basis and I see little to
quibble with in the bank's excellent ratios and profits, nor its policy
of redirecting copious surplus capital to both growing markets and
shareholders. With the shares about 10% to 15% undervalued, there's
still a case to be made for buying/holding these shares.
Please continue here:
http://www.investopedia.com/stock-analysis/080713/global-giant-hsbc-still-attractive-story-hbc-c-san.aspx
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