HSBC's pivot to Asian wealth management is progressing with consistent capital returns. Hong Kong NIM peak likely past as HKD rates trend with USD. Argentine and Canadian disposals streamline portfolio. China geopolitical risk creates persistent valuation discount. Buyback yield compelling but multi-year stagnation risk.
| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| MELI | MercadoLibre | 43 | -14% | ↓2% | AVOID |
| SAN | Banco Santander SA | 43 | +16% | ↓2% | EARLY |
| VIV | Telefonica Brasil (Vivo) | 43 | +8% | ↓2% | EARLY |
| PRU | Prudential Financial, Inc. | 43 | +1% | ↓2% | NEUTRAL |
| PGR | The Progressive Corporation | 43 | +8% | ↓2% | EARLY |
| ALL | The Allstate Corporation | 43 | +5% | ↓2% | EARLY |
| USB | U.S. Bancorp | 43 | +10% | ↓2% | EARLY |
HSBC Asia wealth net new money up 25%
HK property loan provisions stabilize
Estimates · Yahoo Finance · Not audited figures