Dividend YieldHSBC remains a solid yield play, with expectations of an approximately 10.4% dividend yield in FY24F, bolstered by a special dividend from the sale of its Canadian business.
Financial PerformanceHSBC's commitment to financial performance is evident as it is on track to reach its mid-teen Return on Tangible Equity target, with expectations of reporting 14%-15% ROTE in FY24/25F.
Stock ValuationAnalyst's BUY rating and raised target price to HK$74.6 for HSBC reflects a positive outlook on the bank’s future returns and suggests it is trading at an attractive valuation compared to its historical average.