BAML Downgrades HSBC, Says "Wait For Better Times" – ValueWalk Premium

BAML Downgrades HSBC, Says "Wait For Better Times"

As BAML downgrades HSBC, is a new management strategy required in the era of negative rates and upside-down economic philosophy?

On a week when large banks seem to be going after each other, ala UBS initiating coverage on Wells Fargo with a sell rating, Bank of America Merrill Lynch isn’t much impressed with European rival HSBC. In a note out . . .

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