HSBC (HSBA) 🏦 🇭🇰 - Share Chat

https://www.cityam.com/hsbc-bank-sees-profits-plunge-as-it-plans-35000-job-cuts/

Anyone holding HSBC?

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:sob: :sob: I saw that this morning, thankfully it is one of my smaller holdings.

It might be a buying opportunity for me.

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I’ve been thinking of investing in HSBC… May hold off for a bit after seeing this.

Could be a chance to pick up a few shares at a bargain price!

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HSBA is one of my biggest bags. I have confidence in their turnaround strategy however if the world falls apart, I’m not sure a turnaround will turn share prices fully around.

Cancellation of their dividends is a hard hit to investors.

So far my confidence is being proven wrong :wink: some may say a buying opportunity, some may say a sign :stuck_out_tongue:

HSBC beats analyst expectations with a pre-tax profit of £4.18billion in the first quarter. Not too bad for the banking sector