＜Research＞G Sachs Expects Smooth Transition for New HSBC CEO Elhedery; Biz Focus & Strategies Broadly Unchanged

AASTOCKS

2024-07-18 15:00

Goldman Sachs highlighted in a report that HSBC HOLDINGS (00005.HK) will appoint Georges Elhedery, group CFP, as group CEO with effect from 2 Septembe...

　　Goldman Sachs highlighted in a report that HSBC HOLDINGS (00005.HK) +0.550 (+0.818%) Short selling $90.51M; Ratio 35.380% will appoint Georges Elhedery, group CFP, as group CEO with effect from 2 September. The current CEO Noel Quinn will assist Elhedery in a gradual handover of duties until the expiry of the notice period.

　　The broker expected a smooth and orderly transition with a broadly unchanged business focus and strategy for HSBC. In addition, the company will announce its Group ROTE targets for FY2025 and beyond. Goldman has assigned a Buy rating and a target price of $81 to HSBC.

　　Related NewsJPM: HSBC Appoints Georges Elhedery as New CEO; Strategy Expected to Keep Continuity

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-18 12:25.)

　　AAStocks Financial News

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