HSBC Stock Has Limited Upside
- Friday, June 4, 2021, 7:10
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HSBC stock (NYSE: HSBC) has gained around 24% YTD, increasing from about $26 at the beginning of 2021 to around $32 currently. Trefis estimates HSBC’s valuation to be around $33 per share – 4% above the current market price. The growth in 2021 was in line with the rally seen in U.S. bank stocks…