Can HSBC's Strategic Business Reset Make the Stock a Solid Pick?

Key Takeaways HSBC targets $1.5B in savings by 2026 through global exits and business simplification efforts. The bank is focusing on Asia, expanding in China and India to grow its wealth and private banking units. Despite strong capital returns, HSBC faces revenue pressures from weak loan demand and macro headwinds.HSBC Holdings (HSBC) is undergoing a strategic transformation, shifting its focus toward Asia while restructuring key parts of its global operations.Let’s have a look at the bank’s strategic p ...