“From 200 [billion pounds] to where we are today...to get to 300 is certainly within reach,” Roberts, chief executive officer of HSBC’s corporate and institutional banking told Bloomberg Television’s Francine Lacqua at the World Economic Forum in Davos on Monday. “In our opinion, given where we think we can generate the profit really deserves a much higher rate.”
(Jan 19): Weeks after its market value rose above £200 billion (US$268 billion or $344.6 billion) for the first time in its history, HSBC Holdings Plc is now on course for a capitalisation in excess of £300 billion, according to the head of the lender’s corporate and investment banking arm.
Despite a backdrop of brewing geopolitical crises, Michael Roberts said in an interview that Europe’s largest bank would likely get even bigger and held out the prospect of a more than 50% advance in the company’s shares, which are currently trading around all-time highs.
