HSBC Stock Has Limited Upside

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…

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