Here’s why the HSBC share price is in a strong bull run — TradingView News
HSBC share price continued its strong rally and is now sitting at its all-time high, with its market capitalization hitting $300 billion. It has become the sixth biggest bank in the world after JPMorgan, Bank of America, ICBC, Agriculture Bank of China, and China Construction Bank. This article explores whether the stock has more upside to go.
Why the HSBC share price has soared
HSBC, a top European bank, has been in a strong uptrend in the past few years, moving from a low of 277p in 2021 to the current 1,277p.
This surge has mirrored the performance of other European banks like Société Générale, UniCredit, Lloyds Bank, and Commerzbank.
This rally happened because of the relatively higher interest rates, which boosted its net…
