HSBC Holdings (0005) releases its annual results today and many investment houses seem positive.
Goldman Sachs expects the total amount of share buybacks of the banking group to hit US$3 billion (HK$23.4 billion) this year and the dividend payout to be maintained at 51 US cents per share.
The conglomerate has had three public repurchases in the past, ranging from US$1 billion to US$2.5 billion.
It will record a US$3.7 billion profit before tax for the fourth quarter of the last financial year while the average market expectation is US$3.9 billion, up 49 percent from its result last year, Goldman Sachs added.
Investors will tend to …
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