HSBC executives stated that the company's market value is on track to reach 300 billion pounds.
After breaking through the market value of 200 billion for the first time a few weeks ago, HSBC Holdings' corporate and investment banking division heads have said that the company's market value is now on track to exceed 300 billion. Despite brewing geopolitical crises, Michael Roberts, CEO of HSBC's corporate and institutional banking business, stated in an interview that the bank could become even larger and believes there is a possibility for the company's stock price to increase by over 50%. The company's current stock price is nearing its all-time high. "Moving from 200 billion to 300 billion is completely achievable," Roberts stated on Monday during the Davos World Economic Forum, "From our perspective, based on the profit levels we are able to generate, the company should deserve a higher valuation multiple."
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