|Bid||30.40 x 2900|
|Ask||30.84 x 1300|
|Day's range||30.23 - 30.67|
|52-week range||24.31 - 38.61|
|Beta (5Y monthly)||0.58|
|PE ratio (TTM)||214.18|
|Forward dividend & yield||1.25 (3.98%)|
|Ex-dividend date||10 Mar 2022|
|1y target est||41.85|
Their loyalty has been tested as numerous pivots in strategy fail to impress the market
HSBC plans to warn its largest shareholder that its demand to split up the bank would be costly, take years to complete and alarm some of its largest clients. The 157-year-old bank has hired Goldman Sachs and Robey Warshaw to come up with a detailed defence strategy, as it resists Chinese insurer Ping An’s call to divide its Asian and western operations, said people familiar with HSBC executives’ thinking. Ping An, which owns around 9.2 per cent of HSBC, started a public campaign last month, arguing that the bank may no longer be able to safely navigate worsening US-UK-China geopolitical relations.
LONDON (Reuters) -HSBC has hired Robey Warshaw to assist an internal review into its strategy, after a push from its largest shareholder Ping An to spin off the lender's Asian operations, a source familiar with the matter said on Friday. The London-based investment bank will work alongside HSBC executives to assess the bank's strategy, which is to remain a global bank, the source said. Robey Warshaw declined to comment.