Information Provided By:
Fly News Breaks for July 24, 2017
HSBC
Jul 24, 2017 | 13:26 EDT
CLSA analyst Asheefa Sarangi upgraded HSBC two notches to Outperform given stronger-than-expected asset quality, resulting in an upward revision to 2017 estimates. Looking to 2018-19, Asheefa believes new management will focus on balance sheet growth with a greater willingness to move up the risk curve.