https://www.cityam.com/hsbc-bank-sees-profits-plunge-as-it-plans-35000-job-cuts/
Anyone holding HSBC?
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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 
some may say a buying opportunity, some may say a sign 
HSBC beats analyst expectations with a pre-tax profit of £4.18billion in the first quarter. Not too bad for the banking sector