This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 595p | 575p (20p / 3.4% away) | 645p (50p / 8.4% away) | 2.5x | 5% |
Observations – For
Observations – Against
News / Broker Comments / Important Dates / Observations **
HSBC came out top in recent Bank of England stress tests (16 Dec). Nomura remains bullish on UK banks (12 Dec). Goldman Sachs downgrades due to ongoing cost headwinds (27 Nov). Emerging markets exposure can be both good and bad. Industry still under a cloud related to litigation for myriad issues. Still paying decent 5% dividend. Next Event: FY results, 23-Feb
**Source: DowJones Newswires, Reuters News or Company Press releases, Bloomberg.com
Latest Broker 12-Month Consensus: 13 x Buy, 10 x Hold, 5 x Sell
17-Dec, Deutsche, Hold, TP 644p; 10-Dec, Berenberg, Hold, TP 790p; Credit Suisse, Underperform, TP 610p; 5-Dec, ExaneBNP, Neural, TP 670p; 4-Dec, Espirito Santo, Buy, TP 770; 27-Dec, Morgan Stanley, Underweight, TP 605p (D); Goldman Sachs, Neutral (D), TP 750p (D); 17-Nov, Nomura, Neutral, TP 705p
(Source: Digital Look, Alpha Terminal, Bloomberg) (U = Upgrade / D = Downgrade)
| Share | 1wk | 1m | 3m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -3.1 | -6.1 | -8.4 | -7.7 | -5.9 | 25.5 | -8.9 | -14.9 |
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