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HSBC, Singapore Banks to Show Strength on Wealth Performance

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HSBC, Singapore Banks to Show Strength on Wealth Performance HSBC Holdings Plc and Singapore banks should see stronger earnings outlook across the board, buoyed by wealth businesses strength and resilient fee income. Firmer rates, steady loan demand and improving asset quality may offset growing pressure from mortgages and cross-border wealth restrictions for HSBC, Bloomberg Intelligence said. Rival Standard Chartered Plc saw second-quarter earnings beat expectations, as it unveiled a $1...

HSBC, Singapore Banks to Show Strength on Wealth Performance HSBC Holdings Plc and Singapore banks should see stronger earnings outlook across the board, buoyed by wealth businesses strength and resilient fee income. Firmer rates, steady loan demand and improving asset quality may offset growing pressure from mortgages and cross-border wealth restrictions for HSBC, Bloomberg Intelligence said. Rival Standard Chartered Plc saw second-quarter earnings beat expectations, as it unveiled a $1 billion buyback.
HSBC (ORG) Singapore Banks to Show Strength on Wealth Performance HSBC (ORG) Singapore Banks to Show Strength on Wealth Performance HSBC Holdings Plc (ORG) Singapore (LOCATION) Bloomberg Intelligence (ORG) Standard Chartered Plc (ORG)
Originally published by Bloomberg Markets Read original →