HSBC: UBS maintains buy rating after Q3 results

(CercleFinance.com) - UBS reinstates its 'buy' rating on HSBC shares, along with a target price of 485p (12% upside potential), following the UK banking giant's Q3 results.


The broker highlights, amongst other things, pre-provision profits that are 6% better, the announcement of share buybacks of two billion dollars and finally, stable cost forecasts in 2022.


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